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While Peru debates on imports, Bolivia prepares its second fertilizer plant

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With information from EFE

Bolivia proposed to raise the levels of urea production and consolidate the construction of a second plant for the production of this fertilizer, exclusively for export, after assessing the achievements of the hydrocarbon sector in the first quarter of the year.

In a meeting with journalists, the president of the state-owned Bolivian Fiscal Petroleum Deposits (YPFB), Armin Dorgathen, pointed out that the “stable production” of urea in the first quarter has been one of the highest points.

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Dorgathen explained that the Bulo Bulo plant, in the center of the country, produces 1,600 to 1,700 tons per day and that, starting in the second half of the year, after some adjustments, it will reach 2,100 tons per day until reaching 2,300 the following year. .

“The price of urea is high and it is an opportunity for export,” said the executive of the state company.

The president of YPFB mentioned that the plan is to build a second urea plant “purely for export”, which could focus its production on the Brazilian market, while the one currently operating would prioritize local supply and demand. from Peru, Ecuador, Chile and Argentina.

Dorgathen also highlighted the efforts to build biodiesel plants and the incentives for hydrocarbon exploration in order to “reduce the amount of imports” of fuels, which range between US$1,500 and US$2,000 million per year.

The state company contemplates “several plans” to “replace the import of fuels,” he said.

The project for the production of biodiesel incorporates forms of production such as Fame 1, Fame 2 and HVO, of renewable diesel, based on the use of vegetable oils from soybean crops and other local raw materials, in order to take care of energy security from the country.

To this is added around a dozen hydrocarbon exploration projects in the south, center and north of the country, he remarked.

Precisely, the need to achieve results and generate incentives for hydrocarbon exploration has recently been an urgent matter for the Government, to the point that it even proposed to make changes to the current Hydrocarbons Law.

In September of last year, YPFB launched an international call for the quantification and certification of natural gas and hydrocarbon reserves.

In 2018, the Canadian firm Sproule International Limited established that the country had 12.5 trillion cubic feet (TCF) of reserves.

Peru will import fertilizers from Bolivia

The head of the Ministry of Agrarian Development and Irrigation (Midagri), Oscar Zeaannounced this Tuesday, May 10, that the Government approved the Emergency Decree to finalize the purchase of fertilizersbasically the ureawith a view to attending the next agricultural campaign.

During a visit to Congress, Zea pointed out that the endorsement of the DU was given after a meeting between the technicians of the Midagri and those of the Ministry of Economy and Finance (FEM), where he realized the lifting of the observations that the office of Oscar Graham did days ago.

Regarding deadlines, transfer and logistics, Zea specified that conversations have already been held with the vessels or transport companies -if it were by land from Ecuador and Bolivia- so that the fertilizers reach the country in the shortest possible time.

“The fertilizers will be in the country as soon as possible, in no more than a fortnight. We require a minimum of 250,000 tons, but we have to buy the amount we have”, he said.

Source: Larepublica

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