The operations, which began in the natural gas industry in the country, today include lubricant and fuel distribution and trade.
We have had operations in Uruguay since 2004, when we partnered with the National Administration of Fuels, Alcohol, and Portland (Ancap) to distribute natural gas within the country.
Today, we are responsible for distributing natural gas to the capital city and to the interior of the country as well as for service stations throughout Uruguay, with the supply of our products.
In 2004, we took over the control of the Uruguayan Conecta gas distributor by acquiring 55 percent of the equity stakes in it, which had previously belonged to two companies of a Spanish group. The distributor our company operates holds exclusive rights to distribute, over pipelines, natural gas, liquefied petroleum gas (LPG), and gas manufactured in the interior of Uruguay, outside of the capital city, Montevideo.
In 2006, our operations in Uruguay were enhanced in the natural gas sector, when we completed the acquisition of 66 percent of the equity stakes of Gaseba Uruguay S.A., currently MontevideoGas. The company is a natural gas, liquefied petroleum gas (LPG), and gas pipeline distribution utility and uses pipelines to supply these products in the Uruguayan capital city.
On March 31, 2011, Petrobras Uruguay acquired the remaining 34 percent of the stakes in Distribuidora de Gas S.A. Montevideo (MontevideoGas) from Pan American Energy Iberica S.L., going on to hold 100 percent of its shares. This concession, valid through 2024, covers the city of Montevideo.
Additionally, in 2006, the company enhanced its presence in Uruguay by incorporating fuel distribution and trade operations, which today include fuel stations nationwide, as well as facilities to trade jet fuel, maritime products, lubricants, and fertilizers.
Go the website for details on our operations in Uruguay