Bolivia presents reactivation plan to encourage natural gas exploration

Bolivia on Thursday presented a hydrocarbon exploration plan that seeks to attract foreign capital and aims to find some 5 trillion cubic feet (TCF) with a US$1.4 billion investment.

RIO DE JANEIRO, BRAZIL - The presentation of the National Upstream Reactivation Plan 2021 occurred in the city of Santa Cruz, the largest in the country, with the presence of Bolivian President Luis Arce and oil company representatives.

The president of the state-owned Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) Wilson Zelaya assured that this plan has a "different approach" with exploration opportunities in "mature and closed fields" to be executed by the Bolivian state-owned company together with foreign subsidiaries and operators.

"The plan aims to achieve economic and social growth along with the country's industrialization with the generation . . .

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