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CONTRACTUAL OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2018
CONTRACTUAL OBLIGATIONS [Abstract]  
Contractual Commitments
As of December 31, 2018, 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)
  
27,120,439
   
-
   
1,272,376
   
3,817,125
   
2,544,750
   
19,486,188
 
Purchase obligations (2)
  
4,836,612
   
-
   
3,396,343
   
1,440,269
   
-
   
-
 
Financial Leases
  
2,199,572
   
56,892
   
281,995
   
564,068
   
564,050
   
732,567
 
Total
  
34,156,623
   
56,892
   
4,950,714
   
5,821,462
   
3,108,800
   
20,218,755
 

(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.