Repsol and Partners to Invest $900 Million in Iñiguazu, Bolivia -EFE
November 22 2017 - 2:57AM
Dow Jones News
--A consortium of five oil companies led by Repsol SA (REP.MC)
will invest $900 million in the exploration and production in a new
gas block in southern Bolivia called Iñiguazu, EFE reports.
--The area has the potential to produce an estimated 6.5 million
cubic meters of gas a day, EFE cites Bolivia's President Evo
Morales as saying.
--The consortium--which includes Repsol, Royal Dutch Shell PLC
(RDSA.LN), Argentina's Pan American Energy LLC and two subsidiaries
from Bolivia's state-owned oil company--signed the agreement with
Yacimientos Petroliferos Fiscales Bolivianos SA, Bolivia's
state-owned oil-and-gas company, according to EFE.
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(END) Dow Jones Newswires
November 22, 2017 02:42 ET (07:42 GMT)
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