Bolivia Plans Mega Oil Investment

Bolivia president Evo Morales says his government will invest $11bn over a 5-year period in the country’s oil and gas company, Yacimientos Petroliferos Fiscales Bolivianos (YPFB). The country is trying to bring the producer to par with other state-run oil and gas giants such as Petrobras or PDVSA, according to Bolivia’s news agency ABI. Morales says financing will come from “government funds, external debt and foreign firms [that partner with YPBF].”