According to the Venezuelan media in Los Angeles on June 17 reported that the Bolivian national oil company (YPFB) 6 said on 16, Bolivia this year, oil and gas exploration and production of national and private investment will reach 1.05 billion U.S. dollars.
The Bolivian national oil company said in a statement, the state of all YPFB-Andina will this year invest in oil and gas exploration and production of 89 million U.S. dollars, and this year, YPFB-Chaco company plans to invest in oil and gas exploration and production of 55 million U.S. dollars. Investment budget of other companies, including Petrobras of 174.5 million U.S. dollars, Repsol of Spain's 109 million U.S. dollars, British Gas Group, 88 million U.S. dollars, the French company Total and 48 million U.S. dollars of Pluspetrol's 26 million U.S. dollars.
During this period, in order to increase the income of the company YPFB, the Bolivian Government has issued a decree to force the oil companies needed to local oil services contract before the commission provided to the country's state-run oil company.
Under the Act, the local oil companies must first oil service contract or contract to provide equipment to the company YPFB (no matter how much the value of the contract), and YPFB will be made within 10 days to accept or reject such a decision provided.
Source: www.in-en.com Jun. 18, 2009
