La Paz, July 22 (Prensa Latina) The Bolivian President, Evo Morales, announced Monday the exploration of the Mayaya Centro X1 well, in the north of La Paz, which could turn this region into an oil-producing department.
Today, sisters and brothers, in order to start this exploration we guarantee 76 million dollars for Mayaya, in the Caranavi province. It is about five-km oil drilling, according to Evo Morales during a ceremony held at the Casa Grande del Pueblo (seat of the Executive).
In the execution, the opening of roads for access to this location and oil drilling, which are scheduled for this year, is regarded.
According to official data, this well could reach about 5.9 billion oil barrels and 15 trillion cubic feet of natural gas.
'We want La Paz to be Bolivia´s fifth oil-producing department,' Morales said, referring to the oil reserves in Tarija, Santa Cruz, Cochabamba and Chuquisaca.
The 2006 oil nationalization, by President Evo Morales was a historic decision that marked since then the economic, political and social growth of Bolivia, carrying out programs and projects for health, education, housing, employment, food-producing sectors, among others, that help enhance people´s quality of life.
lrg/pll/rgh/rbp/gdc
In the execution, the opening of roads for access to this location and oil drilling, which are scheduled for this year, is regarded.
According to official data, this well could reach about 5.9 billion oil barrels and 15 trillion cubic feet of natural gas.
'We want La Paz to be Bolivia´s fifth oil-producing department,' Morales said, referring to the oil reserves in Tarija, Santa Cruz, Cochabamba and Chuquisaca.
The 2006 oil nationalization, by President Evo Morales was a historic decision that marked since then the economic, political and social growth of Bolivia, carrying out programs and projects for health, education, housing, employment, food-producing sectors, among others, that help enhance people´s quality of life.
lrg/pll/rgh/rbp/gdc
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