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Presidents of Bolivia, Argentina sign major energy deal
Published in Saudi Press Agency on 19 - 10 - 2006


Bolivian President Evo Morales and his Argentine
counterpart Nestor Kirchner signed a major energy deal on Thursday,
with a view to increasing the sale of Bolivian natural gas to its
larger neighbour, according to dpa.
Morales and Kirchner appeared at a packed sports hall in the
eastern Bolivian city of Santa Cruz de la Sierra, and numerous
peasants witnessed the signing of a deal which authorities in La Paz
considered "the most important in the current decade."
"Today we are giving a real example of integration. This contract
- which at the request ... of the comrade Bolivian president we
wanted to sign here in Bolivia and in Santa Cruz, before Bolivian
society and the society of all Latin America - is a fundamental
strategic step," Kirchner said.
He committed Argentina to guaranteeing the "necessary investment"
and consolidating the reserves of the Andean country.
Morales, in turn, said that the deal will start reducing the
"asymmetry between Bolivia and Argentina."
The agreement will allow the Argentine state energy company Enarsa
and its Bolivian counterpart YPFB to work together to develop energy
projects in both countries.
Plans include a plant to separate natural gas liquids and the
exploitation Bolivian gas fields by Enarsa, as well as allowing YPFB
to take part in natural gas transport in Argentina.
Kirchner and Morales also signed the contract for the daily sale
of 27.7 million cubic metres of Bolivian gas to Argentina over a 20-
year period.


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