Here's a translation. I speak Spanish as a second language but am pretty confident in this translation.......
Franklin Oil and Gas Bolivia celebrates their first anniversary
The company Franklin Oil and Gas Bolivia yesterday celebrated it's first year of operations in the country, and for that reason organized a press confererence yesterday y welcomed their new partner Charles Grégoire de Rothschild.
As you will recall, the American company Franklin Oil and Gas announced an intention to invest at least $US 320 Million in Bolivia, in the construction of a plant to transform gas to liquids in partnership with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB).
On that note they've signed a preliminary agreement or agreement in principle to work together with the state petroleum company. The exact amount of the investment will depend on the studies findings about the capacity of production and the market that would have those liquids, among them diesel, that Bolivia needs for it's internal deficit it suffers.
The production plant will be constructed in Santa Cruz. The company will create a partneship with equal shares with the State run petroleum agency and will include a plan for the training of personell and the strengthening of small and medium sized businesses.
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