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Montevideo, September 27th 2023 - 05:46 UTC


  • Monday, August 7th 2023 - 10:33 UTC

    YPFB finds new gas reservoir

    “These results will allow us to classify it as the discoverer of a new hydrocarbon field with estimated resources of 0.7 trillion cubic feet of gas and 52 million barrels of liquids,” Arce said

    Bolivian authorities have reported that the state-run oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) had discovered a new gas field in the Okinawa area after recent studies in the Remanso-X1 (RMS-X1) well. The new reservoir will generate approximately US$ 5 billion in gas, it was explained. It will also contribute to savings in fuel purchases of US$1 billion, according to YPFB.

  • Wednesday, February 1st 2023 - 10:26 UTC

    Fears Bolivia could run out of gas in a few years because of lack of investments

    Given the situation, Brazil's oil giant Petrobras has accelerated the completion of Route 3 of the pre-salt gas pipeline and is looking for alternatives such as Argentina

    The Bolivian government has rejected predictions that the country will cease to be an exporter of natural gas and become a net importer by 2030. The government has said it has plans to invest some US$ 325 million in exploration and extraction in new wells by the country's hydrocarbons company, YPFB, Yacimientos Petroliferos Federales de Bolivia.

  • Saturday, May 28th 2022 - 10:10 UTC

    Bolivia to import diesel to relief drivers in the west

    Dorgathen said the situation was normal in the country's east

    Bolivia's state-run oil company YPFB will import 2.5 million liters of diesel fuel from Chile to reverse the current shortage, it was announced.

  • Wednesday, May 25th 2022 - 09:38 UTC

    Bolivia diverts LNG to Argentina and leaves Brazil 7 million cm short per day

    As of May, Bolivians have increased gas exports to Argentina to 14 million cubic meters per day, from the previous level of 8 to 10 million cubic meters per day

    Bolivia is diverting natural gas to Argentina, and unexpectedly has reduced the supply to Petrobras by 30% this month, catching the state-owned company off guard. As a result, Petrobras experienced a loss of more or less than 7 million cubic meters of gas per day. YPFB, the Bolivian state company, had been supplying Petrobras with approximately 20 million cubic meters per day.

  • Wednesday, May 25th 2022 - 03:31 UTC

    Bolsonaro angry at YPFB for selling Argentina the gas that was for Brazil

    Unhappy Brazilians forced to pay a higher price for cooking gas will end up voting for you know whom, Bolsonaro feared

    Brazilian President Jair Bolsonaro complained that Bolivia's state-owned oil company Yacimientos Petróliferos Fiscales Bolivianos (YPFB) funneled 30% of the gas that was to be sold to Brazil and sent it to Argentina as a part of an “orchestrated plan” against him and added Petrobras was behind it.

  • Saturday, April 2nd 2022 - 09:45 UTC

    Bolivia and Argentina postpone decision on gas supply contract

    This winter is going to be hard because Bolivia does not have the capacity to deliver the 14 MMm3/day that it delivered to the country last year, Aranguren explained

    Bolivia's Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) and Integración Energética Argentina Sociedad Anónima (IEASA) agreed to postpone the decision on a sixth addendum to the contract for the supply of natural gas for yet another month, according to a YPFB statement relesed Friday. Negotiations had been previously extended for two months, which ended on March 31.

  • Wednesday, March 30th 2022 - 09:53 UTC

    Gas: Bolivia advised to renegotiate with Brazil and sell more to Argentina

    The gas Bolivia should be selling to Argentina is in Brazil at a bargain price stemming from a deal signed by former President Áñez, Balanza explained.

    While the Bolivian state-run YPFB is yet to report on any progress regarding payment conditions with Brazil for gas sales or the signing of the sixth addendum to the export contract with Argentina, hydrocarbon analysts have insisted on the need to roundup these negotiations given the current situation stemming from Russia's invasion of Ukraine.

  • Thursday, January 27th 2022 - 19:50 UTC

    Bolivia's gas output problems spells collapse for Argentine reserves

    Argentine authorities are already speaking of a “collapse” in gas reserves

    Just when the deal between IEASA and Bolivia's YPFB for the supply of gas is about to end (Jan. 31), Argentina has been offered 35% less for the winter compared to previous years, it was reported.

  • Wednesday, May 26th 2021 - 08:30 UTC

    Bolivia's economy grows 5.3% in between January and April 2021

    Gas exports to Argentina and Brazil played a key role in Bolivia's economy, Montenegro said

    Economic activity in Bolivia has grown 5.3% from January to April 2021, according to The Global Index of Economic Activity (IGAE), Economy Minister Marcelo Montenegro announced Tuesday.

  • Monday, April 26th 2021 - 08:38 UTC

    Bolivia's YPFB eyes oil income of US $ 1,900 million for this year

    The company plans to drill 17 wells this year

    Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) CEO Wilson Zelaya announced the state-run company projected an oil income above 1,900 million US dollars for the year 2021, which would represent a 35% growth compared to 2020.