PRESIDENT LED THE INAUGURATION OF THE PIPELINE HILL LAKE PELLEGRINI BELL COW DEAD

President Mauricio Macri said that the development of Vaca Muerta deposit
in Neuquen province achieved during this government is a demonstration
that "the positions to compete Argentines can beat anyone in the
world". "But not cancheros but arremangándonos, doing what needs to be done
and getting better every day," he said this morning in the town of Añelo,
where he led the inauguration of the pipeline Loma Campana-Lago Pellegrini.
Macri highlighted the potential it has today Vaca Muerta as job. "In other
15 provinces there Argentine working for Vaca Muerta. We are talking about
more than 60 000 jobs" after touring the work, which will triple the
evacuation and transportation of unconventional oil from the reservoir to
the main system he said distribution. Macri said Vaca Muerta is not "only
Neuquén and big business" but also "tens of SMEs that are being launched
throughout Argentina." the Head of State was accompanied by the governor of
Neuquén, Omar Gutierrez, secretary of Government of Energy, Gustavo
Lopetegui, and the owner of YPF, Miguel Angel Gutierrez, among other
officials. During the visit and before headlining the event, the President
also toured the facilities of the Thermal Power Plant Loma Campana I and
II, which provides an output of 210 megawatts, equivalent to the
consumption of 380 000 households, the National Interconnected System. The
pipeline Loma Campan a-Lago Pellegrini, 88 kilometers long, demanded a
total investment of 80 million dollars and was built through a formed
between YPF (85 percent) and Tecpetrol companies (15 percent) society. The
pipeline has a diameter of 18 inches, has a carrying capacity of 25 000
cubic meters per day and runs 44 kilometers in neuquino territory and the
remaining 44 in the province of Black River. Macri said that "energy is
essential to develop the country" and work "our schools, hospitals,
businesses, homes and industries." "Three years ago and half received a
country importing energy after being a major exporter, because in 2006
Argentina exported tens of thousands of millions of pesos of energy to the
world, "he said. But" in 2013 we imported "as a result of the application
of a policy that" we were told that energy was free "and that led to that
in 2015" fivefold increase "blackouts." that way soon we were going to
collapse we see today in our Venezuelan brothers, "he warned. the President
stressed that, from the task undertaken in the last three and a half years,
not only it could reverse this situation, but "we returned to export gas to
Chile after eleven years." In turn, Governor Gutierrez said the pipeline
inaugurated today "is an infrastructure that anticipates investments are
generating clear rules, with legal and economic predictability, with the
maintenance, support and care acquired rights ".

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