Weekly Report - 31 January 2013 (WR-13-04)

BOLIVIA | YPFB announces large joint investment plans. Bolivia’s state-owned hydrocarbons firm, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) revealed this week that along with its international partners it plans to enact a US$2.24bn investment plan this year, a 40% increase on the US$1.6bn invested in the sector in 2012. The announcement was made by YPFB president, Carlos Villegas in a press conference where he said that the investment will mostly be used to carry out natural gas exploration and exploitation efforts.