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Venezuela boosts investment in Bolivian oil, natural gas, Bolivian official says

iht.com
Jul 15, 2008
        
Story Timeline:  89 days

Bolivia's oil minister says Venezuela will spend US$883 million to boost Bolivian oil and natural gas output by 2013 — nearly 50 percent more than it originally promised its Andean ally. Minister Carlos Villegas on Tuesday said about three-quarters of the Venezuelan money will finance exploration and production at southern Bolivian fields run by Petroandina, a joint enterprise between Bolivia's and Venezuela's state oil companies. Bolivia has sought new sources of capital since President Evo Morales nationalized its oil and gas sector in 2006, slowing investment. Venezuela promised US$600 million to Petroandina early this year. Bolivia produces about 41 million cubic meters of natural gas a day, sending 73 percent to... [read full story]                    

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Latest article on this story:

Bolivia and Venezuela to explore together an oil zone in La Paz

 abn.info.ve Jul 17, 2008
First article on this story:

Bolivian, Venezuelan Joint Energy Venture Ups Investment to $883MM

 rigzone.com Jul 16, 2008
Selected publications with coverage of this story:
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Bolivia and Venezuela to explore together an oil zone in La Paz

abn.info.ve
Jul 17, 2008
        

The President of Bolivia, Evo Morales, passed a law approving the contracts of Petroandina Sociedad Anónima Mixta (SAM), formed by the state-owned companies from Bolivia and Venezuela, to start the exploration and exploitation...

Bolivian, Venezuelan Joint Energy Venture Ups Investment to $883MM

rigzone.com
Jul 16, 2008
        

Petroandina, a joint enterprise formed by the Bolivian and Venezuelan state energy companies, plans to invest $883 million to finance oil and natural gas exploration and production in Bolivia, a top official said. Energy...