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Total interested in partnership with with Bolivia's YPFB
Petroleumworld
BOLIVIA
Petroleumworld.com 03 29 06Total oil company president for the Americas region, Michael Seaga, held a discusion with Bolivia's President Evo Morales last week about Total's interest in becoming a partner with Bolivia's state oil company YPFB in futureexpsantion in the country's hydrocarbons sector, YPFB said in a press release.
"We have much more to do and what Total has promised is to continue operating in Bolivia, a commitment that reflects the kind of behavior the government is hoping to see from [oil companies] with the new hydrocarbons policy," YPFB president Jorge Alvarado said.
Total is behind Repsol y Petrobras as the third largest oil company in Bolivia with 15.9% of the country's gas reserves and 13% of its oil reserves.
Total also was offered the opportunity to invest in "non-traditional" oil production zones, which include the Beni, Pando, Norte de La Paz, Oruro and Potosm blocks.
Petroleumworld 28 03 06Copyright © 2006 Petroleumworld. All Rights Reserved.
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