“In some statements it has been asserted, erroneously, that Yacimientos is not suitable for investment, with objective data but I am going to show the opposite,” said the Planning Manager, Dany Roca, at a press conference.

He reported in this regard that YPFB’s budget for this year will reach 277 million dollars, of which 159 million (53 percent) will finance 22 exploitation projects in order to “turn around the production curve”, in decline since two years ago.

He clarified that the firm continues “with positive indicators, with positive profits that allow us to make investments and contribute in bonuses,” the manager emphasized.

Roca deplored the criteria of the Director of Hydrocarbons of the Government of Tarija, Freddy Castrillo, and the deputy Alejandro Reyes for talking about the bankruptcy of the state firm.

Recently, Castrillo expressed that “YPFB is a company that is totally, I am not going to say bankrupt, but it is on the verge of reaching that situation because it does not have the resources to invest, above all, in exploration and make the current situation reverse”, according to the Cochabamba newspaper Los Tiempos.

For his part, Citizen Community deputy Alejandro Reyes told the ANF network that YPFB does not have money for “drilling and exploration.”

He added that YPFB could soon go bankrupt, “which would finally be the bankruptcy of the State and the plurinational model.”

In this regard, the legal manager of YPFB, Julia González, announced that a criminal process will be initiated against these people since they intend to discredit YPFB and affect the “stability of the State’s economy.”

“It has been proven that, under no situation, YPFB would be going through an economic crisis or worse still, going through bankruptcy as has been wrongly stated (…),” she confirmed.

“We are going to initiate the corresponding actions in the judicial process and in the instances that we have to go to call these people to clarify this situation,” warned the legal manager.

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