Argentina buys 950,000 bls of crude to offset local shortfall - Shell
BUENOS AIRES, March 11 (Reuters) - Argentina's state-owned Enarsa has bought 950,000 barrels of crude oil to make up for a production shortfall in the southern Neuquen province, the president of shell Argentina said on Wednesday.
Juan Jose Aranguren said the shipment would land in April and be distributed to refineries owned by the state-run energy company YPF, Petrobras Argentina, Shell and Axion.
"The industry reached an agreement to import a large shipment of crude, in this case 950,000 barrels ... and distribute that at a ratio of what each refinery can absorb," Aranguren told reporters.
(Reporting by Eliana Raszewski; Writing by Richard Lough; Editing by Chizu Nomiyama)
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