Petrobras and Bolivia’s  YPFB(Yacimientos Petroliferos Fiscales Bolivianos) are keen to invest USD 2.5 billion in a new ammonia plant near the border between Brazil and Bolivia. The new plant will have a capacity to produce 4,200 metric tons per year, the firm said, and would be located in the Bolivian border city of Puerto Quijarro.

The investment cost will be shared between Brazil and Bolivia said Luciano Motellano Abasto, vice president of operations for a state-run Bolivian firm. During a meeting with Petrobras executives, the Bolivian firm presented general information on the project, and the Brazilian firm showed interest said Abasto.

Earlier during the second meeting of the Bilateral Agenda fulfillment between Bolivia and Brazil, there were discussions about setting up a Urea Production plant in Quijarro and Potassium chloride projects in Uyuni and Coipasa. Furthermore, the discussions envisaged the implementation of a business model in the urea plant located in Tres Lagoas.

About YPFB

Yacimientos Petroliferos Fiscales Bolivianos is a Bolivian state-owned enterprise dedicated to the exploration refining industrialization, distribution, and commercialization of oil, natural gas, and derived products. YPFB is one of the biggest corporations in Bolivia.

About Petrobras

Petrobras is a state-owned Brazilian multinational corporation in the petroleum industry headquartered in Rio de Janeiro. The company was ranked 181 on the Fortune 500 list. Petrobras has expertise in exploration and production as a result of decades of development in the Brazilian basins, especially in deep and ultra-deep waters. This has made them a world leader in this sector. Additionally, they transport oil and gas to our refineries and natural gas treatment units.

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