Oil Ventures


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Agostar is a leader in global commercialization and distribution of energy products and raw materials.

In South America Agostar Group is involved in the supply and distribution of refined products, its derivatives along with raw materials to markets that are supplied by the Paraguay Paraná waterway.

It has incorporated strategic warehouses in the Zárate-Campana axis area in Argentina, as well as the operation of a fleet of liquid barge convoys which allows it to have in house control of the entire logistics chain therefore lowering costs improving efficiency and maintaining the hightest level of service to clients.

Agostar is a leader in global commercialization and distribution of energy products and raw materials.

In South America Agostar Group is involved in the supply and distribution of refined products, its derivatives along with raw materials to markets that are supplied by the Paraguay Paraná waterway.

It has incorporated strategic warehouses in the Zárate-Campana axis area in Argentina, as well as the operation of a fleet of liquid barge convoys which allows it to have in house control of the entire logistics chain therefore lowering costs improving efficiency and maintaining the hightest level of service to clients.

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In the next 5 years, according to International Monetary Fund (IMF), Latin America’s economy may grow at the cumulative annual growth rate (CAGR) of 4.5%. GDP expected to be concentrated in Brazil (44.3%), Mexico (21.9%) and Argentina (7.8%).

Energy demand will grow at the CAGR of 2.2% from until 2015. The regional energy matrix is basically Petroleum 47%, Natural Gas 23%, Hydropower 8%, Coal 4%, Nuclear 1% and others. Key growth is expected in hydropower- with investments in Brazil of US$ 74 billion – and in natural gas pre-salt reserves, and potential huge shale gas reserves in Argentina of 257 TCF (trillions of cubic feet).

Not withstanding economic growth, high government influence and dependence of external investments in the oil and gas and main industries; most notably Venezuela, Bolivia and Argentina, may compromise regional growth performance in the next years.

Latin American Oil

Total production of crude oil was 9.5 million barrels per day in 2010 and will increase in the coming years. Three countries (, Mexico, Brazil and Argentina) are accountable for 84% of total regional production. New investments aim to increase refining capacity to 9.560 thousand barrels per day by 2030. Oil and gas industry growth will also bring environmental concerns. For example, Brazilian pre-salt production will turn the country into one of the largest CO2 offshore emissions, as well as risks of leaks and spills.

Distillates consumption will increase until 2015 at the CAGR of 2.5% diesel, 2.0% gasoline and fuel oil and 3% jet fuel. Mexico and Brazil will import large volumes during this period and Venezuela is expected to be a main exporter once the country’s political situation is resolved. Latin America does not have a common regional fuel quality standard, each country has its own fuel policy and regulation, which makes product trade flow inside the region even more complex.


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