LatAmNRG Briefs: Shell Argentina, YPFB Polypropylene Project, Maduro Blames Colombia

(Energy Analytics Institute, Aaron Simonsky, Ian Silverman, and Piero Stewart, 26.Dec.2018) — Heard on the street and LatAmNRG briefs on Shell Argentina’s 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 Venezuela’s President Nicolás Maduro blaming Colombia for “constant terrorist attacks.”

Shell Argentina To Develop Three Areas In Vaca Muerta

(Energy Analytics Institute, Aaron Simonsky, 26.Dec.2018) — Shell Argentina plans to develop three areas in Argentina’s Vaca Muerta formation. The areas include: Coirón Amargo Sur Oeste (CASO), Sierras Blancas, and Cruz de Lorena, reported online media Río Negro.

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YPFB To Nearly Double Anhydrous Alcohol Purchases In 2019

(Energy Analytics Institute, Ian Silverman, 26.Dec.2018) — Yacimientos Petrolíferos 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 Razón, citing Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez.

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) — Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) plans to connect an estimated 100,000 homes to the country’s natural gas grid in 2019, up compared to around 90,000 residential gas connections nationwide in 2018, reported online media La Razón, citing YPFB President Óscar Barriga.

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Bolivia To Resume Propylene And Polypropylene Project In 2019

(Energy Analytics Institute, Ian Silverman, 26.Dec.2018) — Bolivia’s 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 Razón, citing Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez.

Planned investments in the project are estimated at $ 2,200 million, announced Sánchez, 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) — 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 Venezuela’s 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) — Power failures in Zulia state during 2018 were due to “constant terrorist attacks from Colombia,” reported online media El Nacional, citing Venezuela’s President Nicolás Maduro.

Venezuela, home to the world’s largest oil reserves, continues to reel in political, economic and humanitarian crises and suffers the world’s highest inflation.

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© Energy Analytics Institute (EAI)

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