Bolivia this year, investment in oil exploration will be more than 1 billion USD

News June 2, Bolivia Bolivian state-owned oil giant national oil company (YPFB) in Bolivia and the private oil companies operating in Bolivia this year, will invest in oil exploration and production of more than 1 billion dollars.

The Bolivian national oil company will invest this year 567 million U.S. dollars for development aimed at the separation of gas and oil refining infrastructure, and complement domestic oil and gas and liquid fuel market.

Meanwhile, in Bolivia this year, foreign oil companies operating in Bolivia will be the oil exploration and production of 625.5 million U.S. dollars investment. These foreign oil companies including Brazil's National Petroleum (Bolivia), Spain's Repsol, British Gas (Bolivia), Inc., energy company Petrobras of Brazil, Vintage companies, national oil company of Peru, Matpetrol company Total exploration and production ( Bolivia) company, Dongwon companies and energy companies in Canada.

Source: www.in-en.com Jun. 3, 2009