(Energy Analytics Institute, Aaron Simonsky, 19.Nov.2018) — Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez and Paraguay’s Public Works Minister Arnoldo Wiens signed a Memorandum of Understanding related to construction of a natural gas pipeline that will allow for shipment of the molecules from the former to the latter. We hope to […]
Tag: YPFB
YPFB Participated In 22 Events In 2018 Promoting Usage Of Urea
(Energy Analytics Institute, Aaron Simonsky, 18.Nov.2018) — Bolivia’s state oil company YPFB participated in 22 agricultural and multi-sector fairs or events to inform the population about the proper use and commercialization of urea as a fertilizer. Nationwide, the company participated in 14 agricultural events and eight multi-sector events, reported YPFB […]
Santa Cruz Reports Sale of 200,000 Liters of Ethanol 92 In Four Days
(Energy Analytics Institute, Jared Yamin, 5.Nov.2018) — Commercialization of Bolivia’s new ‘Super Ethanol 92’ gasoline reached nearly 200,000 liters in the first four days after it was introduced in the department of Santa Cruz, reported the daily newspaper La Razón, citing National Hydrocarbons Agency (ANH) Director Gary Medrano. *** #LatAmNRG […]
YPFB Makes Initial Shipment Of Nitrogen Fertilizer To Brazil
(Energy Analytics Institute, Aaron Simonsky and Ian Silverman, 2.Nov.2018) — YPFB made its initial shipment of nitrogen fertilizer from Puerto Quijarro, in late October, to Baurú, a city located in the state of Sao Paulo in Brazil. “The importance of this milestone lies in the speed with which YPFB’s urea […]
YPFB Transporte Controls Gas Leak In Villa Montes
(Energy Analytics Institute, Jared Yamin, 1.Nov.2018) — A new gas leak along a pipeline in Bolivia was reported in Villa Montes in the department of Tarija. The leak occurred at 1:50 am on Nov.1 in the Puesto Uno sector of Villa Montes. “Personnel from YPFB [Transporte] arrived on the scene […]
Argentina Makes Small $2 Million Payment For Bolivian Gas
(Energy Analytics Institute, Aaron Simonsky, 27.Oct.2018) — Bolivia’s Central Bank (BCB by its Spanish acronym) announced Argentina made a “small payment” of $2 million related to a debt with Bolivia for the purchase of natural gas. The debt accumulated with Bolivia by Argentine’s state oil company Integración Energética Argentina SA […]
Argentina Buys An Average 16.2 MMcm/d From Bolivia in Sep.
(Energy Analytics Institute, Aaron Simonsky, 26.Oct.2018) — Argentina purchased an average 16.2 million cubic meters per day (MMcm/d) of natural gas from Bolivia in September 2018. However, the volumes are nearly 5 MMcm/d below contractual agreements, reported the daily newspaper La Razón. *** #LatAmNRG
Bolivian, Argentine Officials to Discuss Gas Issues in La Paz
(Energy Analytics Institute, Jared Yamin, 21.Oct.2018) — Officials from Argentina and Bolivia will meet in La Paz on Oct. 22 to discuss issues related to the purchase and sale of natural gas and overdue payments. A mission of authorities from Integración Energética Argentina S.A. (IEASA, formerly ENARSA) will meet with […]
YPFB Reports Explosion Along Santa Cruz-Yacuiba Gas Pipeline
(Energy Analytics Institute, Jared Yamin, 19.Oct.2018) — An explosion along a portion of a pipeline that transports natural gas to Argentina injured a total of five people. Bolivia’s state oil entity Yacimientos Petrolíferos Fiscales (YPFB) has initiated an investigation to establish the causes and origin of the incident, reported the […]
Bolivian Refineries Cover 71.4% Of Domestic Demand for Special Gasoline
(Energy Analytics Institute, Jared Yamin, 19.Oct.2018) — Production of special gasolines from Bolivia’s three existing refineries isn’t sufficient to cover the country’s demand. Domestic supply only covers 71.4% of domestic market demand, down 2% compared to 2017, and down 5% between January and May of the current year, reported the […]
YPFB To Build Five Satellite Regasification Stations
(Energy Analytics Institute, Jared Yamin, 18.Oct.2018) — Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) plans to build five satellite regasification stations (ESR) that will benefit 12 populations of La Paz, Potosí, Chuquisaca and Santa Cruz. YPFB will move forward with the five ESR projects, which will benefit 12 communities located in La […]
Echo Energy, YPFB Sign Technical Evaluation Agreement For Rio Salado Block
(Echo Energy plc, 15.Oct.2018) — Echo Energy plc signed on 12 October 2018 a Technical Evaluation Agreement (TEA) for the Rio Salado Block, onshore Bolivia, directly with YPFB (Yacimientos Petrolíferos Fiscales Bolivianos). The agreement was signed by Andres Brockman (Echo Regional Representative) and Oscar Barriga (President of YPFB) in the […]
Echo Energy Continues To Progress Argentina Wells, Signs New Deal In Bolivia
(Proactive Investors, 15.Oct.2018) — Echo Energy Plc told investors that it has confirmed that its third Argentinian well will be suitable for mechanical stimulation, and, it will now move on to the next stage in operations. The company, in a statement, updated on the EMS-1001 well at the Fraccion C […]
Air BP Nationalization In Bolivia “Technically” Not Finalized
(Energy Analytics Institute, Jared Yamin, 14.Oct.2018) — Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez, acknowledged that nationalization of Air BP, a subsidiary of British Petroleum, in charge of marketing jet fuel and airplane gasoline, wasn’t completed due to lawsuit filed by Aerosur. “We haven’t finalized the transfer of shares in Air […]
Bolivia Gas Exports To Argentina To-date Averaging 18 MMcm/d
(Energy Analytics Institute, Jared Yamin, 11.Oct.2018) — Bolivian natural gas exports shipped by YPFB to Argentina to-date have averaged 18 million cubic meters per day (MMcm/d). These volumes are below the minimum 20.9 MMcm/d guaranteed by the state oil company and a maximum 24.6 MMcm/d requested by Argentina, reported the […]
Transparency in Bolivian Hydrocarbon Information Needed, Jubilee Foundation Says
(Energy Analytics Institute, Ian Silverman, 3.Oct.2018) — Transparency in information is necessary in order for Bolivia and producing departments of the small Andean country to understand the full details related to natural gas and crude oil reserves by department and field, announced the Jubilee Foundation. Such important and timely information […]
Jubilee Foundation Says Bolivian Gas Output Below Projections
(Energy Analytics Institute, Ian Silverman, 3.Oct.2018) — The Jubilee Foundation announced Bolivia’s production of natural gas is short of projections outlined in the country’s Integral Hydrocarbon Development Plan 2016-2020 by an estimated 13.8 million cubic meters day (MMmc/d). According to the foundation, the small land-locked country should be producing 67.8 […]
Bolivia’s Incahuasi Field Producing 8 MMcm/d of Natural Gas
(Energy Analytics Institute, Ian Silverman, 21.Sep.2018) — Bolivia’s President Evo Morales says natural gas production at the Incahuasi field, discovered in 2004, is currently eight million cubic meters per day (MMcm/d). Production at the field is expected to increase to 11 MMcm/d over the short-term with additional investments and then […]
Bolivia’s Morales Says $165 Mln In Investments Planned for Incahuasi Field
(Energy Analytics Institute, Ian Silverman, 21.Sep.2018) — Bolivia’s President Evo Morales announced details of investments destined to boost natural gas production at the Incahuasi field, located in the municipality of Lagunillas, south of Santa Cruz. The investments include the following: $29.5 million for expansion of plant capacity; $25.6 million for […]
Bolivian Government Approves Bioethanol Made with New Blend of Additives
(Efe, 16.Sep.2018) — Bolivia gave the green light to the massive production of bioethanol to replace the importation of additives for gasoline and diesel fuel in accord with a law signed by President Evo Morales. Morales signed the Law on Vegetable Derived Additives on Saturday during a ceremony in Minero, […]
Argentina Owes Bolivia $250 Million for Natural Gas Sales
(Energy Analytics Institute, Ian Silverman, 14.Sep.2018) — Argentina owes Bolivia $250 million, which corresponds to two-months of natural gas sales. “Hopefully they can honor the debt,” reported the daily newspaper La Razón, citing Bolivia’s Hydrocarbons Minister Luis Alberto Sánchez. ***
Sproule To Publish Bolivian Reserve Report
(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) – Sproule International Limited, the foreign consortium that will quantify and certify Bolivia’s hydrocarbon reserves, plans to publish its reserve report in late August 2018. The consortium, which was awarded the project earlier this year for $750,000, had originally planned to publish the report […]
Bolivia, Argentina to Meet Over Gas Volumes
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – The Bolivian government is still analyzing Argentina’s request to increase natural gas export volumes during the winter season and reduce them in summer. Meetings between officials from Bolivia and Argentina are expected in coming weeks to discuss the proposals, reported the daily newspaper […]
Luis Arce Named New Director at YPFB Transporte
(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2018) – Bolivia has named as a new director at YPFB Transporte. Luis Arce, who served as Bolivia’s Economic and Finance Minister from January 23, 2006 until June 24, 2017, when he left his post for medical reasons, will replace Evelio Harb Pedraza, reported the […]
Gazprom Reiterates Interest in Bolivia
(Energy Analytics Institute, Jared Yamin, 16.Jun.2018) – Russian oil giant Gazprom remains attracted to the hydrocarbon opportunity set in Bolivia in South America. A working meeting between Gazprom Management Committee Chairman Alexey Miller and Bolivia’s President Evo Morales was held at Gazprom’s office in Moscow where various agreements were signed […]
Bolivia Shifts Gas Investment Plans Amid Protests
(Efe, 4.May.2018) – Bolivia announced on Friday it was halting plans to spend $683 million on natural gas exploration work in an area of the southern province of Tarija due to environmental protests, saying that money would instead be invested elsewhere in the Andean nation. La Paz said the two […]
Bolivian Govt Expects $90 Mln Return from New Gas Well
(Efe, 30.Apr.2018) – A new natural gas well that began production Monday in the southern region of Tarija is expected to contribute $90 million to the public coffers over the next seven years, Bolivian officials said. President Evo Morales traveled to Villamontes, Tarija, for the inauguration of the Sabalo 6 […]
Bolivia Says El Alto to Have Gas in 2018
(Energy Analytics Institute, Jared Yamin, 10.Mar.2017) – The entire population of the city El Alto will have access to domestic gas service in 2018. Bolivia’s state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has invested an estimated $195 million in El Alto since 2006 and to-date has achieved an 80 […]
Resilience: Actions of the Gas and Oil Industry
(Energy Analytics Institute, Jared Yamin, 11.Jul.2016) – The 6th version of the congress will take place from July 12-13, 2016 at the Los Tajibos Hotel in Santa Cruz de la Sierra, Bolivia and include the following themes: 1) global perspectives and hydrocarbon strategies in the current scenario,and 2) current and […]
YPFB, Gazprom to Evaluate Potential of 3 Areas
(Energy Analytics Institute, Jared Yamin, 17.Jun.2016) – YPFB and Gazprom signed an agreement for the evaluation of the hydrocarbon potential of three areas reserved for YPFB. The agreement was signed by YPFB President Guillermo Acha and GP Exploration and Production S.L. legal representative Andrey Stepanovich Fick for the Vitiacua, La […]
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 […]
Central Bank Approves Funding Plant in Yacuiba
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – Bolivia’s Central Bank approved a credit for YPFB for 12,858.26 million Bolivian bolivianos to finance construction of a propylene and polypropylene plant in Yacuiba in Tarija department, reported the daily newspaper La Razón. ***
YPFB to Sign Contracts with YPF and Petrobras
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – YPFB plans to sign exploration contracts with its Argentine and Brazilian counterparts in July. YPFB will sign exploration agreements with its Argentine counterpart YPF for the Charagua, Abapó and Yuchan areas and agreements with its Brazilian counterpart Petrobras for the San Telmo and […]
YPFB Has Capacity to Produce 61 MMcm/d
(Energy Analytics Institute, Jared Yamin, 6.Jun.2016) – Bolivia has the capacity to produce 61 million cubic meters per day of natural gas to cover demand in the internal market and for export. Natural gas supply to cover demand in Bolivia as well as agreements with Brazil and Argentina totals 56 […]
YPFB Guarantees LPG Supply in Santa Cruz
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) – YPFB plans to increase the number of LPG cylinders in Santa Cruz to 45,000 per day from 37,000 per day in order to satisfy demand in Santa Cruz, reported the daily newspaper La Razón, citing YPFB President Guillermo Achá. “During the colder months […]
YPFB to Boost LPG Supply During Winter Period
(Energy Analytics Institute, Jared Yamin, 25.May.2016) – YPFB will increase the supply of LPG cylinders to an average 158,000 per day from 130,000 per day to guarantee supply of the product during the winter period which runs through August and potentially September. The priority is to supply the internal market […]
Value of Bolivian Gas Exports Up 867%
(Energy Analytics Institute, Jared Yamin, 23.May.2016) – Bolivia’s natural gas exports reached $3.771 billion in 2015, up 867 percent compared to just $390 million in 2003, reported the daily newspaper El Diario, citing data from a report published by Bolivia’s Foreign Commerce Institute (IBCE by is Spanish acronym). Gas export […]
Enarsa to Import Gas From Chile
(Energy Analytics Institute, Jared Yamin, 23.May.2016) – Argentina’s state oil company Enarsa signed a contract to purchase natural gas from Chile at a price 53 percent higher than the LNG that arrives to Chile on tankers and 128 percent higher than what is pays for imports from Bolivia, reported the […]
Lawmaker Wants Investigation into Brazil-Bolivia Deals
(Energy Analytics Institute, Jared Yamin, 23.May.2016) – Brazil’s Vice President of Foreign Affairs and Deputy in the Brazil National Defense Chamber of Brazil Luis Carlos Auli announced he wants an investigation into contracts signed between Bolivia and Brazil’s Working Party under presidents Luis Inácio Lula Da Silva and Dilma Rousseff. […]
Bolivia Exported 24 MMcm/d to Brazil
(Energy Analytics Institute, Jared Yamin, 19.May.2016) – Bolivian exports to Brazil reached 24 million cubic meters per day on May 12, 2016 compared to 30 million cubic meters per day on May 8, 2016 while exports to Argentina reached 19 million cubic meters per day, up compared to 14 million […]
Rousseff Issues Will Not Affect Gas Deals
(Energy Analytics Institute, Jared Yamin, 18.May.2016) – The political situation that is affecting Brazil with the suspension of its President Dilma Rousseff will not affect negotiations with Bolivia regarding a natural gas sales and purchase agreement. “Brazil has a need to supply its market with Bolivian gas and over time […]
YPF to Participate In Two Areas in Bolivia
(Energy Analytics Institute, Jared Yamin, 9.May.2016) – YPF has plans to participate in the Boyuibe and Ibibobo areas in Bolivia, reported the daily newspaper La Razón, citing Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez. The company is close to closing deals related to these activities. ***
Repsol Visits Bolivia to Discuss Investments
(Energy Analytics Institute, Jared Yamin, 9.May.2016) – Repsol President Antonio Brufau visited Bolivia to discuss overall investments in the small landlocked country with officials from YPFB and investments in three areas with similar potential as that in the Margarita field. The three areas include Boyuy, Ipaguazu and Boycobo and contain […]
Bolivia to Invest $2.4 Bln in 86 Projects
(Energy Analytics Institute, Jared Yamin, 4.May.2016) – YPFB is planning activities in 86 exploration projects in 63 areas which will require an estimated investment of $2.4 billion, reported the daily newspaper La Razón, citing Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez. ***
YPFB Corp. Reports 72% Drop in Profits
(Energy Analytics Institute, Jared Yamin, 4.May.2016) – YPFB Corporation reported profits of $364.1 million in 2015, down 72 percent compared to $1,299.5 million in 2014, reported the daily newspaper La Razón, citing YPFB data. Table 1: YPFB Corp. Profits 2016-2020 ($ Mlns) Year —- Profits 2006 —- $214.8 2007 —- […]