Italian consulting firm Tecnimont will provide strategic services to help Bolivia develop a petrochemical project, state-owned oil company YPFB said, as per latinofoxnews.com.
YPFB CEO and Tecnimont executive signed a contract covering consulting services for the propylene and polypropylene plants to be built in Bolivia. The consulting firm must complete its work in H1-2015. The complex is expected to produce 350,000 metric tpa of propylene and polypropylene.
"With this contract, we are taking another step toward the construction of these plants. We know Tecnimont's work, we have no doubts about the quality of the work it is going to complete within the established timeframe," CEO Villegas said. The petrochemical complex is to be built in the southern region of Tarija, with completion of the project slated for 2018.