Bolivia Aims For $11.3B Oil And Gas Investments Over 5 Yrs

OCTOBER 8, 2009

BUENOS AIRES (Dow Jones)–Bolivia’s government wants $11.3 billion investment in the country’s oil and gas sector over the next five years, boosting production to 74 million cubic meters per day, the head of the state oil company, Yacimientos Petroliferos Fiscales Bolivianos, or YPFB, said Thursday.

Of that total, YPFB will invest around $7 billion, from a variety of different sources, Carlos Villegas told Dow Jones in an interview.

YPFB’s subsidiaries will reinvest profits and will also take on debt in local and international markets, Villegas said. There will also be inter-government transfers, such as the $1 billion recently lent by …

Source: Dow Jones

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