Morales starts to industrialize the state oil company.
La Paz, July 26 .- The Government of Evo Morales was under way today Industrialization Company Bolivian Hydrocarbons (Ebihara) with an initial budget of 300 million dollars (231 million euros) and the appointment of its first manager, informed an official source.
Oil Minister, Luis Fernando Vincenti, announced at a press conference that this is the amount appropriated for the operation of the firm, which was established eight, buy kinah, months ago through a decree to promote the industrialization of gas and oil.
Minister was sworn in as manager to Gloria Ayala, who has worked for the last few months in the planning of the first projects to work with the state enterprise.
The most advanced project is a study for the installation of an ammonia and urea, mortal gold, manufacturing chemistry to support agriculture, demand an investment of 1,250 million dollars (969 million euros).
The plant can be completed in a period of four to five years, and will be built in the province of Cochabamba Carrasco (center), according to the minister.
The owner of Oil said it has met with the eight major foreign companies leaders in technology for the oil sector,, darkfall gold for sale, from which came the project for the installation of the plant production of ammonia and urea.
For this year, the Morales government also assigns a budget of 700 million dollars (542 million) to strengthen the expansion of the state also Yacimientos Petroliferos Fiscales Bolivianos (YPFB).