OldelVal lines up pipeline expansion

OldelVal lines up pipeline expansion

Corporate & Sovereign Strategy Argentina Oil Pipelines

Oleoductos del Valle (OldelVal), one of the biggest oil pipeline operators in Argentina, was awarded a 10-year extension for its concession contract on Wednesday, a prerequisite for launching a $750 million project that it plans to finance through capacity sales. The energy secretariat said in a resolution that it authorized the extension until 2037 from a previous expiration date in 2027. This gains OldelVal more time to recoup investment on the project, which will double its pipeline capacity

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