Bolivia

Venezuela

Trinidad
&
Caribbean

Bolivia to invest US$1.2bn into oil and gas explotation

Petroleumworld
LA PAZ
Petroleumworld.com 07 13 06

Bolivia's government has plans to invest US$1.2bn on hhydrocarbons exploration hydrocarbons in the nother sector of La Paz and provinces Iturralde and Franz Tamayo, state news agency ABI reported.

Julio Gómez, hydrocarbons deputy ministe said the government has contacted Chinese company Shengli Oil Field International Oil Development Investment to discuss La Paz E&P projects.

Also, Manuel Morales, advisor to state oil company YPFB, said that the goverment has enter into agreements with Venezuela's oil company PDVSA to explore in varios sectors in La Paz, where natural gas and oil potential is proven.

Petroleumworld 12 07 06

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