PROJECT

Projects

Summary of Investment Information

Project Number

42169

Company Name

PAN AMERICAN ENERGY, S.L.

Date SPI Disclosed

Mar 22, 2019

Country

Argentina

Region

Latin America and the Caribbean

Projected Board Date

Apr 30, 2019

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 2, 2019

Department

Regional Industry MAS LAC & EUR

Industry

Manufacturing

Previous Events

Approved : Jun 13, 2019
Signed : Jun 25, 2019
Invested : Jul 31, 2019

Sector

Oil Refineries

Project Description

 Pan American Energy, S.L. is a leading integrated energy company with upstream and downstream operations engaged primarily in the exploration, development and production of crude oil and natural gas, the refining of crude oil and the distribution and marketing of refined products. Pan American Energy, S.L. Argentina Branch (“PAE” or the “Company”) is completing a project at its Campana Refinery in Argentina to increase the production of refined products, produce higher value and cleaner burning fuels, and reduce refinery air emissions (the “Project”).  PAE requires financing (i) to for the Company’s investment program to finalize the construction and commissioning of the Project and (ii) increased working capital needs.                                                  

Associated Advisory Engagement

                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation