Saturday, October 14, 2006

Oil and Gas: Bolivia to sell Argentina more natural gas

Bolivia's Hydrocarbons Minister Carlos Villegas, has announced his country plans to sell Argentina natural gas worth more than $16 billion over the next 20 years.

Associated Press reports the contract will eventually provide for the daily export of 27.7 million cubic meters (36 million cubic yards) of natural gas from Bolivia to Argentina - nearly four times the current amount.