LatinNews Daily - 20 February 2025

*Bolivia’s state hydrocarbons company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) and its affiliate companies have announced plans to invest US$703.7m this year, of which 72% will be focused on exploration and production. The remaining 28% will be invested in other areas of the hydrocarbon supply chain, such as refining, storage, and distribution equipment. Bolivia’s hydrocarbons production has undergone a steep decline over the past decade amid concerns that the country’s natural gas reserves are running low. YPFB’s president, Armin Dorgathen, said that “we’re going to keep working arduously on these big projects that are aimed at finding megafields, an outcome which would enable us to change the trajectory of the country’s gas production”.