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Bolivia is considered an attractive country for oil investment

Bolivia is considered an attractive country for oil investment

La Paz, Jul 27 (Prensa Latina) The company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) considered Bolivia an attractive country for oil investments due to its strategic location, as published today on its Twitter account.

YPFB highlighted that such attractiveness is based on its proximity to the markets of Argentina and Brazil, while the latter nation is interesting because there is a high demand for gas by thermoelectric plants and industries.

According to company executives, these aspects were contemplated in the Upstream Reactivation Plan 2021: New Perspectives and Opportunities, which will be presented soon with exploratory poles in seven Bolivian regions.

The manager of Oil Contracts, Enzo Michel, highlighted the importance of the Argentine market, a country that Bolivia can also reach thanks to its gas processing capacity and the existence of several plants in different locations.

According to a recent tweet by President Luis Arce, oil and gas activity grew by 11.1 percent from January to April 2021.

According to the president, the hydrocarbons sector is recovering along with the economic reactivation, while the government is developing a plan to comprehensively boost this economic area.


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