HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 11.Apr.2025) — Argentina’s YPF Sociedad Anónima owns 3 refineries — La Plata (Buenos Aires), Luján de Cuyo (Mendoza) and Plaza Huincul (Neuquén) — with a combined capacity to refine 337.9 thousand barrels per day (Mb/d) across the country.
Together, these 3 refineries, strategically located along YPF’s crude oil and refined product pipeline distribution systems, hold over 50% of the South American country’s total refining capacity. Impressively, the 3 refineries boasted a combined utilization rate of 89% in 2024. Something out of the ordinary for national oil companies (NOCs) such as Petróleos Mexicanos (Pemex) in Mexico and Petróleos de Venezuela (PDVSA) in Venezuela.
For what it’s worth, the oil processed at YPF’s 3 refineries in 2024 achieved its highest processing level since 2016 while the production of finished gasoline and middle distillates (such as diesel and jet fuel) achieved the highest level since 2007.
