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CONTRACTUAL OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2017
CONTRACTUAL OBLIGATIONS [Abstract]  
Contractual Commitments
As of December 31, 2017, the Company had the following contractual commitments:
 
      
Estimated maturity date
         
   
Total
  
Due less than
one year
  
Less than
one year
  
1-2 years
  
3-5 years
  
More than
5 years
 
Financial indebtedness (1)
 
4,088.8
   
-
   
1,477.6
   
2,611.2
   
-
   
-
 
Purchase obligations (2)
 
565.3
   
-
   
565.3
   
-
   
-
   
-
 
Financial Leases
   
1,227.6
   
28.1
   
139.5
   
279.0
   
279.0
   
501.9
 
Total
   
5,881.7
   
28.1
   
2,182.4
   
2,890.2
   
279.0
   
501.9
 
 
(1)
Corresponds to the cancellation of principal and interest of the financial indebtedness. For further information, see Note 13

(2)
Corresponds to purchase of natural gas contracts for the processing of liquids.