Wednesday, April 27, 2011

Evo Morales: Natural gas discovery boosts Bolivia’s reserves by a third

LA PAZ, Bolivia — Leftist President Evo Morales announced Wednesday the discovery by French energy giant Total of natural gas deposits that he said would boost Bolivia’s reserves by 30 percent.
The Aquio field’s deposits will increase Bolivia’s gas output by 6.5 million cubic meters a day when it begins operating in 2015, and reach 18 million cubic meters by 2020 with additional drilling, the state-run YPFB energy company said.
The poor Andean country currently produces 41 million cubic meters of gas daily, selling it chiefly to Brazil and Argentina.

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