(Energy Analytics Institute, Aaron Simonsky, Ian Silverman, and Piero Stewart, 26.Dec.2018) â Heard on the street and LatAmNRG briefs on Shell Argentinaâs Vaca Muerta plans; YPFB to double purchases of anhydrous alcohol; YPFB to connect 100,000 homes to gas grid; Bolivia to resume propylene and polypropylene project; Venezuelan minimum wage now at $10.05/month; and Venezuelaâs President NicolĂĄs Maduro blaming Colombia for âconstant terrorist attacks.â
Shell Argentina To Develop Three Areas In Vaca Muerta
(Energy Analytics Institute, Aaron Simonsky, 26.Dec.2018) â Shell Argentina plans to develop three areas in Argentinaâs Vaca Muerta formation. The areas include: CoirĂłn Amargo Sur Oeste (CASO), Sierras Blancas, and Cruz de Lorena, reported online media RĂo Negro.
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YPFB To Nearly Double Anhydrous Alcohol Purchases In 2019
(Energy Analytics Institute, Ian Silverman, 26.Dec.2018) â Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB) plans to almost double the volume of anhydrous alcohol scheduled for purchase in 2019 to 150 million liters from 80 million, reported online media La RazĂłn, citing Boliviaâs Hydrocarbon Minister Luis Alberto SĂĄnchez.
The aim of the increased purchases is to boost ethanol production destined for the domestic market, he added.
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YPFB Aims To Connect 100,000 Homes To Gas Grid In 2019
(Energy Analytics Institute, Ian Silverman, 24.Dec.2018) â Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB) plans to connect an estimated 100,000 homes to the countryâs natural gas grid in 2019, up compared to around 90,000 residential gas connections nationwide in 2018, reported online media La RazĂłn, citing YPFB President Ăscar Barriga.
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Bolivia To Resume Propylene And Polypropylene Project In 2019
(Energy Analytics Institute, Ian Silverman, 26.Dec.2018) â Boliviaâs government plans to resume construction a propylene and polypropylene plant project with the launch of a construction, procurement, tender under the turnkey modality, reported online media La RazĂłn, citing Boliviaâs Hydrocarbon Minister Luis Alberto SĂĄnchez.
Planned investments in the project are estimated at $ 2,200 million, announced SĂĄnchez, who added the amount was still under analysis.
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Venezuelan Minimum Wage Now At Around $10.05/Month
(Energy Analytics Institute, Piero Stewart, 21.Dec.2018) â The minimum wage in Venezuela, based on a salary of 4,500 bolivars per month, is now just $10.05 per month, announced news agency Efe. The figures is according to the official exchange rate of 447.62 bolivars per dollar as reported in the last auction of Venezuelaâs Complementary Floating Market Currency Exchange System or Dicom, the agency reported.
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Maduro Says Colombia Behind Power Sector Attacks
(Energy Analytics Institute, Piero Stewart, 26.Dec.2018) â Power failures in Zulia state during 2018 were due to âconstant terrorist attacks from Colombia,â reported online media El Nacional, citing Venezuelaâs President NicolĂĄs Maduro.
Venezuela, home to the worldâs largest oil reserves, continues to reel in political, economic and humanitarian crises and suffers the worldâs highest inflation.
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