(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Two resolutions from the Uruguayan government late last month will authorize Ancap and ALUR to access credits for up to $160 million.
In 2018, Uruguay’s state oil company Ancap plans to overcome its $136 million financial indebtedness by renewing it for an amount of up to $90 million, reported the daily newspaper El Pais.
Additionally, Ancap solicited three loans with banking institutions for up to $70 million for its subsidiary Alcoholes del Uruguay (ALUR) with the purpose of canceling loans due for the same amount, reported the daily.
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