YPF and Equinor partner with Shell for offshore exploration

YPF and Equinor agreed on Shell's entry as a third partner of the offshore block CAN100, located in the Northern Basin of the Argentine Sea. After this operation, Equinor (operator of the area) and YPF will divide 70% of the block into equal parts, and Shell will enter with the remaining 30%. The block locates in water more than 1,500 metres deep that has never been explored or drilled in the country before.

BBVA issues the first green bond of Petroquímica Comodoro Rivadavia for $50 mn

BBVA issued the first green bond of Petroquímica Comodoro Rivadavia (PCR) for a total issue of $50 mn. The project is qualified as "green" for contributing to ODS 7 (Affordable and Non-Polluting Energy) and ODS 13 (Climate Action). The qualification based on funds linked to renewable energy projects for implementing the San Jorge and El Mataco wind farm, related to the renewable energy sector, with clear environmental benefits.

International corn price at $206.5 per ton, the highest in almost eight years

The international price of maize is $206.5 per ton, the highest in almost eight years. The sharp cut in the US production estimate and growing Chinese demand pushed up prices. The yellow grain entered the public arena in these 15 days due to the government's suspension of exports until March, an issue that triggered a marketing halt by three of the four entities of the Mesa de Enlace and a strike, so the measure was left without effect yesterday by the same government.

Soybeans price: reached $524 and accumulated a 47% year-on-year increase

Yesterday soybean's international price closed at $524.4 on the Chicago market, thanks to a rise of almost $20 in the day, which managed to accumulate a year-on-year increase of 47% and revalue the foreign currency income of the soybean complex by more than $4 billion. Thanks to the rise in commodities, foreign currency income would be around $36 billion. Projections show that thanks to the increase in grain prices, the government will collect more than $2.4 billion than budgeted in taxes.