Day: Feb 6, 2020

YPFB is ready to pay $4.4 mn more to acquire cleaner diesel

YPFB increased the reference price for the purchase of diesel oil in its bid: ‘Supply liquid hydrocarbons by ships West 2020’, from $15.3 to $34 per cubic meter (m3). The proposal establishes the reduction of the volume of purchase, placing it at 237,427 m3; despite this decline, the total cost will increase by $4.4 million that YPFB will have to pay for the product until the end of the year.

Bolivia will import oil to reduce $1bn subsidies in liquid fuel

Imports of $1 billion subsidized liquid fuel (petrol and diesel) are unsustainable for the state. The Ministry of Hydrocarbons reported that it would take the following measures: 1) Import oil for further refining in Bolivia, as refineries have an idle production capacity of between 50% and 60%. 2) Strengthen the production of biofuels obtained from the processing of cane and sorgo. The Government expects a cost reduction of between 30% and 40%

Move Plant of Urea to Santa Cruz would cost $160 mn

The Hydrocarbons Ministry and YPFB are working on an audit of Bulo Bulo’s Ammonia and Urea Plant, which will last between 60 and 90 days. Construction demanded more than $950 million. The objective of the factory was to produce 2,100 metric tons of fertilizer; however, to date, it operated at 8% of its capacity. Since January, the factory stopped the production, due to excess stock and reengineering is required as a matter of urgency. Among the alternatives is his transfer to Santa Cruz, the estimated cost of it is $160 million. The government decided to investigate the use of the urea produced as a precursor substance for the production of cocaine.