Article published in El Diario de Bolivia - http://www.eldiario.net/
• "Restoring confidence and provide at least the same investment conditions that neighboring countries is the key to new investment, and a change of the Hydrocarbons Law, which will modify the profits. "
oil specialist, Francesco Zaratti, told the newspaper that the Government would be in shock by the numbers of gas reserves that the country and attracting investment should give business certainty.
"The reserve figures do not call the companies, but profitable projects and to develop the legal conditions are those that attract investment. Instead, it should be the Government who cares to create those conditions, given the report of the reserves, now seems to be in shock, "said the analyst.
Zaratti said that with such low investments in the country can not increase the quantities of gas for the projects you have in mind to perform the Executive and industrialization of hydrocarbons.
"I think the investment conditions to be provided by the State should be at least similar to that provided by the countries of the region, especially when now, with the depletion of reserves, we can not be presumptuous or demanding, "he said.
FIGURES
According to a publication of the journal Oil and Gas of the Bolivian Chamber of Hydrocarbons and Energy (CBHE), Peru's success is reflected in the 86 contracts signed since 2005, the presence of 55 oil companies and the investment of almost U.S. $ 1,000 million in 2010 on exploration and exploitation, while Bolivia has only 11 companies that are investing in oil exploration and exploitation, of these, two are subsidiaries Petroleum Reservoir Fiscales Bolivianos (YPFB).
This was the reason why Bolivia is in sixth place in countries in the Southern Cone energy, being displaced by the neighboring country.
"Restoring confidence and provide at least the same conditions investment to neighboring countries is the key to new investment, and a change of the Hydrocarbons Law, which will modify the profits, "said Zaratti.
SUCCESS PERUVIAN
One reason for that success of the neighboring country is opening to foreign private investment which is summarized in the 86 contracts signed since 2005. Draws attention to exploration contracts "that represent the true barometer of interest that arises between the Peruvian oil potential investors."
Last Thursday, the Oil Minister said that the new hydrocarbon law, consideration of income change gas to private companies as a way to call private companies with the intention to invest in Bolivia.
In the case of Bolivia, last year, investment in private oil exploration and production, totaled just $ 271 million in the first half and the end of the year would have added more than 300 million , the report said the state oil company official.
Comparing the two countries, there is a difference of approximately 190% of investment, leaving away to Bolivia.
INDUSTRIALIZATION
With this low investment in exploration and lack of gas reserves, the processes of industrialization will have more time delay because no gas resources to carry out.
Note: To see if the nationalistic us back to the level of Chavez Bolivia
0 comments:
Post a Comment