State-run Bolivian oil company wins Paraguay LPG contract

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is to export 4,000 tons of liquefied petroleum gas (LPG) to Paraguay.

The additional revenue from the sale of LPG to the neighbouring country will be two million dollars and each tonne is exported at $ 470.

Oscar Barriga, chief executive of YPBF, said at a news conference: “We have won the tender made by Petropar to sell 4,000 tonnes of LPG to cover the winter demand for that country.”

The Rio Grande and Carlos Villegas liquid separation plants produce 600 thousand tons of LPG annually, of which 70 percent goes to the domestic market and 30 percent is expected to be exported.

The Rio Grande Liquids Separation Plant, which started operating in 2013, allowed for domestic self-sufficiency in the supply of LPG and the beginning of export activities to neighbouring countries. Markets increased substantially after the Carlos Villegas became active in the Gran Chaco province of Tarija.