Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is a

Bolivia , image_flag = Bandera de Bolivia (Estado).svg , flag_alt = Horizontal tricolor (red, yellow, and green from top to bottom) with the coat of arms of Bolivia in the center , flag_alt2 = 7 × 7 square p ...

state-owned enterprise A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...

dedicated to the exploration, exploitation, refining, industrialization, distribution and commercialization of

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

and derived products. It was created on December 21, 1936 under a government decree during the presidency of

David Toro José David Toro Ruilova (June 24, 1898 – July 25, 1977) was a colonel in the Bolivian army and member of the High Command during the Chaco War (1932–35) who served as the de facto 35th president of Bolivia from 1936 to 1937. He was on ...

. YPFB is one of the biggest corporations in

History

Following Bolivia's defeat in the

Chaco War The Chaco War ( es, link=no, Guerra del Chaco, gn, Cháko ÑorairõGonzalo Sánchez de Lozada Gonzalo Sánchez de Lozada Sánchez Bustamante (born 1 July 1930), often referred to as Goni, is a Bolivian businessman and politician who served as the 61st president of Bolivia from 1993 to 1997 and from 2002 to 2003. A member of the Revolu ...

, YPFB was broken up and largely sold off. "Capitalized" oil companies were formed from YPFB properties under the capitalization (

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

) reform. The biggest parts of YPFB, including existing oil and gas infrastructure, went to Chaco S.A., owned in part by

Amoco Amoco () is a brand of fuel stations operating in the United States, and owned by BP since 1998. The Amoco Corporation was an American chemical and oil company, founded by Standard Oil Company in 1889 around a refinery in Whiting, Indiana, a ...

(and later, British Petroleum and Argentine capital operating as Bridas). The companies were owned 80 percent by direct private investors and 20 percent by all the citizens of Bolivia over the age of 21 and resident in Bolivia. This was also the case with the capitalizations of the other four principal state-owned companies. YPFB remained at that time as a state-owned service company for the hydrocarbon sector. Since the election of president

Evo Morales Juan Evo Morales Ayma (; born 26 October 1959) is a Bolivian politician, trade union organizer, and former cocalero activist who served as the 65th president of Bolivia from 2006 to 2019. Widely regarded as the country's first president to co ...

, the privatized oil companies have been partially nationalized. All its subsidiaries operate as private companies, mostly of them trade on the Bolivian Stock Exchange, but YPFB and the government has effective control over them.

References

External links

Official site

n Spanish N, or n, is the fourteenth Letter (alphabet), letter in the Latin alphabet, used in the English alphabet, modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is English alphabet# ...

Oil and gas companies of Bolivia

Non-renewable resource companies established in 1936 Energy companies established in 1936 1936 establishments in Bolivia Government-owned companies of Bolivia {{Bolivia-company-stub