Ancap

ANCAP (Administración Nacional de Combustibles, Alcoholes y Portland, English: "National Administration of Fuels, Alcohols and Portland") is a state-owned company in Uruguay. It is involved in the production of petroleum products, Portland cement and alcoholic beverages. It operates Uruguay&s;s single oil refinery at La Teja with a capacity of per day. ANCAP has a long-term corporate credit rating "BB-" with positive outlook by Standard &a; Poor&s;s. In December 2008, ANCAP launched Uruguay&s;s first offshore licensing round, due for completion June 2009. It offered 11 blocks for oil and gas exploration covering areas ranging from each, with water depths ranging from . In addition to Uruguay, ANCAP operates in Argentina where it owns Petrolera del Cono Sur, operating a petrol station network. In 2017, ANCAP and UTE opened an electric vehicle network connecting Colonia del Sacramento, Rosario, Puntas de Valdez, Montevideo, San Luis and Punta del Este, with stations every 65 km. The stations at the Carrasco Airport and Colonia have 43 kW, whereas the other stations have 22 kW.