LatinNews Daily - 30 July 2021

In brief: Bolivia presents plan for reactivation of hydrocarbon sector

*The Bolivian government and the state-owned hydrocarbons company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), have presented a plan to capture US$1.4bn in foreign direct investment (FDI) with the aim of developing 17 exploration projects in 2021 and 2022. Hydrocarbons & Energy Minister Franklin Molano said that the plan, named the Plan Nacional de Reactivación del Upstream 2021, is expected to discover new reserves containing 5trn cubic feet of natural gas. YPFB president, Wilson Zelaya, said that the push for foreign investment would make the hydrocarbons sector “more efficient” and would create “exploration opportunities for both YPFB and its subsidiary companies and operators in mature and closed [gas] fields.” The 17 projects outlined in the plan are located in the departments of Tarija, Chuquisaca, Santa Cruz, Cochabamba, Pando, Beni, and La Paz. 

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