Bolivia

YPFB, Bolivia state-owned company, plans to save USD 500 mln in fuel purchases by importing crude oil through pipelines previously used for hydrocarbon exports, according to its president. The company intends to buy and produce crude oil in Argentina’s shale patch of Vaca Muerta, with additional exploration projects in the north of Bolivia, with 27 planned by 2025. In 2022, Bolivia imported fuels for USD 4.3 bln, 92% more than in 2021.