YPFB
Bolivian oil group hopes to attract USD 10.7 bn by 2015 to develop country's petrochemical sector / Plans for new ethylene, PE plant?
The shale gas revolution that many say is reviving North America’s petrochemical industry – see Plasteurope.com of 11.07.2011 – clearly has piqued the interest of other countries and players as well. The latest media reports indicate that Bolivia which reportedly boasts Latin America´s second largest natural gas reserves, after Venezuela – could become a new mecca for gas exploration, and the country’s state-owned oil group Yacimientos Petrolíferos Fiscales Bolivianos (YPFB, La Paz / Bolivia; www.ypfb.gob.bo) reportedly expects private companies to invest more than USD 1 bn for natural gas and hydrocarbon exploration in 2012. Between 2009 and 2015, Bolivia hopes to attract some USD 10.7 bn in both public and private sector investment in its petrochemical sector, the reports indicate.

After nationalising its oil and gas industry in 2006, the Latin American country is now handing out numerous contracts for exploration. The proviso: Once a company strikes gas, it then forms a joint venture that is majority-owned by YPFB. According to the Bolivian oil group, this type of arrangement still allows the foreign player to recoup its investment costs within five to ten years.

According to Platts news service, the gas revival has prompted YPFB to call for bidding for a contract to develop a study for a new USD 2.3 bn ethylene and polyethylene plant in the country. The facility will most likely be located in Tarija, near the country’s southern border to Argentina. Platts says the 600,000 t/y PE plant, which is to be fed by a new separation plant currently being built in Rio Grande, Santa Cruz, could be on stream as early as 2014.
21.10.2011 Plasteurope.com [220640-0]
Published on 21.10.2011
YPFB: Bolivianischer Konzern will PE-Anlage bauenGerman version of this article...

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 18.09.2019 19:45:33   (Ref: 275277568)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp