BG Group is aiming to invest around $500 million in Bolivia over the next five years, The Wall Street Journal reports. The U.K. oil and gas company currently has interests in six exploration and exploitation licenses in Bolivia, including the Margarita and Itau fields.
The London-based company delivers gas and liquids to Bolivian state energy company Yacimientos Petroliferos Fiscales Bolivianos (YPFB), to supply the Brazilian, Argentine and domestic markets. BG Group previously said that it plans to invest around $30 billion in Brazil.
Click here for the story from The Wall Street Journal.