Bolivia YPFB, Bureau Veritas sign fertilizer plant contract

29 July 2013 18:55  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Yacimientos Petroliferos Fiscales Bolivianos (YPFB) has awarded Bureau Veritas Argentina a contract to supervise work on its ammonia and urea plant in central Bolivia, the state-run hydrocarbons firm said on Monday.

The scope of the contract involves the supervision, control, verification and approval of deadlines and quality from the start of the project until its conclusion, YPFB said.

Proposals were also received from Switzerland-based Foster Wheeler and Venezuela’s Inelectra International, the company said.

According to YPFB, Bureau Veritas is putting together a team of specialists from Bolivia, Argentina and overseas who will shortly be transferred to the offices of Samsung Engineering in South Korea. Samsung won an $844m (€633m) contract in August last year for the engineering and construction of the plant.

The award follows YPFB’s announcement on Friday that work will begin at the plant in September.

The plant, in the town of Bulo Bulo, Cochabamba department, will have an estimated capacity of 650,000 tonnes/year of urea and 420,000 tonnes of ammonia, and demand 1.4m cubic metres (mcm)/day of natural gas.

Operations are expected to begin in the fourth quarter of 2015.

($1 = €0.75)

By: Simon West

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