YPFB, PetroPar and LPG Distributors Discuss Contracts

(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) – Officials from YPFB and its Paraguayan counterpart PetroPar meet with LPG distributors in Paraguay to evaluate the expansion of sales and purchase agreements.

“Actually, YPFB has contracts with Paraguayan LPG distributors that expire in August,” reported the daily newspaper La Razón, citing YPFB President Guillermo Achá. “The contracts guarantee 100 percent of the demand for the fuel in this country through production which comes from Bolivia’s Río Grande Separation Plant and the Gran Chaco Plant.”

Bolivia uses Mont Belvieu as its benchmark for establishing the price of its LPG, said Achá.

YPFB and PetroPar executives established a two-month work timetable — starting July 1, 2016 — in which to establish topographic work in four cities in Paraguay, establish a final design for a gas network and supply Bolivian LPG to Paraguay for use among domestic and industrial users.

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PetroPar Debt Will Not Be Forgiven

(Energy Analytics Institute, Ian Silverman, 10.Sep.2013) – PDVSA President Rafael Ramirez, who also serves as Venezuela’s Oil Minister, said that the debt owed to PDVSA by Petroleos de Paraguay (Petropar) must be repaid.

Petropar’s outstanding debt to PDVSA is around $265 mln to $270 mln, according to reports on the Paraguayan website Ultima Hora.

“For the moment, PDVSA will not send any more oil to Petropar,” Ramirez told EAI.

In 2012, PDVSA exported 1,100 b/d to Petropar and in 2011 the company exported 7,500 b/d to Petropar, according to PDVSA’s annual report.

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