|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Bolivia

Gas Plant Being Built by Spainís TR to Generate $890 Million for Bolivia

LA PAZ Ė The Gran Chaco liquids separation plant being built by Spainís Tecnicas Reunidas (TR) is expected to generate $890 million annually for Bolivia from the sale of gas derivatives, said the CEO of state-owned oil company YPFB, Carlos Villegas.

ďFrom all the products we are going to produce at that plant and their sale, we are estimating that when it is at full capacity the state will receive a little more than $890 million per year,Ē Villegas said.

The YPFB chief accompanied President Evo Morales on Saturday to the Chaco region, which is on the border with Argentina, to inspect the gas project designed and being constructed by TR.

The Gran Chaco gas liquids separation plant, which is 76.4 percent complete, is expected to go online in 2015, Villegas said.

The plant will allow Bolivia to separate the valuable components of natural gas exported to Argentina, which currently processes them, the YPFB CEO said.

The plant will allow Bolivia to separate ethane for sale to Argentina, while propane and some ethane will be used in the domestic petrochemicals industry.

The government is investing $660 million in the project, Morales said.

Some 80 percent of the plantís production will be exported and the rest will be used domestically.

A smaller liquids separation plant that began operating last year in the eastern town of Rio Grande is allowing Bolivia to export liquefied petroleum gas (LPG) to Peru, Paraguay and Uruguay, the president said.

Morales congratulated the construction team on the progress being made at the Gran Chaco complex.

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:




 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved