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CONTRACTUAL OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2020
CONTRACTUAL OBLIGATIONS [Abstract]  
Contractual Commitments
As of December 31, 2020, 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)
  
54,855,281
   
-
   
2,840,063
   
8,520,188
   
43,495,030
   
-
 
Purchase obligations (2)
  
6,694,415
   
-
   
5,646,421
   
1,047,994
   
-
   
-
 
Financial Leases
  
3,587,140
   
63,526
   
629,444
   
1,259,052
   
1,259,052
   
376,066
 
Total
  
65,136,836
   
63,526
   
9,115,928
   
10,827,234
   
44,754,082
   
376,066
 

(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.