Just one day after Spain squashed Bolivia’s €60 million national debt repayments. Major Spanish energy company Repsol has said it is to invest over $1.5 billion in Bolivia in natural gas expiration and production.
The company has committed to drill seven new wells and a massive expansion of a gas processing plant. This according to Carlos Villegas president of the new Bolivian arm of Repsol who will be greeting the company’s highest executives when they visit Bolivia next month to see more themselves where their money will be spent.
The investment is in direct response to a request from Bolivian President Evo Morales who asked Repsol if they would dramatically increase their investment in the country.