CAPITAL: La Paz
MONETARY UNIT: Boliviano
REFINING CAPACITY: 47,888 b/d
OIL PRODUCTION: 28,000 b/d
OIL RESERVES: 131.9 million bbl
GAS RESERVES: 4.3 tcf
Bolivia began shipping natural gas to Brazil at midyear 1999 through a $2 billion pipeline that extends from Santa Cruz to Campinas, about 100 km from Brazil`s eastern coast.
Deliveries through the 1,225-mile system were to reach 175 MMcfd by yearend and continue rising to 625 MMcfd. Deliveries were to exceed 7 tcf during 20 years.
TotalFina-Mobil-British Gas said in late 1999 it had discovered 7.3 tcf of proved and probable gas reserves in Devonian formations at 19,000 ft at Itau field in Gran Chaco Province near the Argentina border and identified numerous other prospects. TotalFina also held an interest in Petrobras-operated San Alberto block, confirmed as holding 8.8 tcf of reserves.
Observers speculated that Petrobras might build its own gas pipeline from the San Alberto and San Antonio blocks to the Rio Grande dispatch center for export to Brazil to avoid pipeline tariffs it considered excessive.
DeGolyer&MacNaughton appraised Bolivia`s proved and probable reserves at 8.58 tcf as of yearend 1998.
The country had 16 rigs running as the year began and 11-12 late in 1999.
A 70-30 Petrobras-Perez Companc joint venture acquired Bolivia`s two refineries for $102 million. The transaction spelled the end of YPFB`s reign as a state oil company. It will now administer joint-risk contracts.
The Cochabamba and Santa Cruz refineries had combined capacity of 42,250 b/d. Petrobras planned to start production from its southern Bolivian oil fields in January 2001 and also planned to import crude for the plants.

