Friday, January 04, 2008

Bolivia: Foreign investment - Morales looks to "all-time record"

Bolivia's President Evo Morales has predicted that commitments from Iran, Brazil and Venezuela will boost foreign investment in Bolivian natural gas to an "all-time record" of nearly $1.5 billion this year.

Bolivia already has around $875 million in confirmed foreign investment, and expects an additional $200 million from Brazilian state energy giant Petrobras and an unspecified amount from Iran and Venezuela in the coming months, Morales said.

"I'm sure that a delegation from Iran will arrive soon to plan programs, especially in the hyrdocarbons industry," Morales said, without giving details.