US deputy trade representative John Veroneau - (left) and Colombian finance minister - Jorge Humberto Botero -
The trade deal was signed after two year's of negotiations -
The Bush administration has signed a multi-billion dollar free trade agreement with Colombia -
The pact comes despite warnings from Congress - which is now controlled by the opposition Democratic Party - that it has deep reservations over the deal -
Colombia's finance minister said the move would benefit Colombia's economy - and its efforts to improve security.
The deal is America's biggest in the Western Hemisphere since 1994's North American - Free Trade Agreement (Nafta).
The agreement will deepen and strengthen our trade - ties by providing new opportunities for US businesses - John Veroneau, US Deputy Trade Representative -
"The agreement will deepen and strengthen our trade ties by providing new opportunities for US businesses, manufacturers, farmers and ranchers to export their goods and services to one of Latin America's most robust economies," deputy trade representative John Veroneau said.
Once agreed, it is expected to make more than 80% of US consumer and industrial exports to Colombia duty free. Trade between the two countries reached $14.3bn ($11bn) last year.
"The Free Trade Agreement will create permanent commercial channels so that our products could compete in the US market, therefore creating more revenue and jobs for millions of Colombians," Colombia's finance minister Jorge Humberto Botero added.
Mr Botero also said the pact would "be a great tool" in the US-backed fight against terrorism and drug-trafficking
The plant - In addition, the gas also will benefit 70,000 - families, since they will be supplied - with the power one -
Additionally, the installation of the plant - will leave 10,000 dollars monthly to the Mayorship - of Ayo Ayo - honored its administrative senior officer when explaining that they already elaborated the study of pre-feasibility with promissory results that allows them to follow with the final design.
On the basis of the new Hydrocarbon Law and the supreme decree of nationalization of the gas and petroleum, 50 percents of gain for YPFB settled down and 50 percents for the North American company, explained Aguirre.
Also, it said that of beginning the generation of 700 to 1,000 sources of work without counting to the personnel of the plant of quinua is anticipated.
The project of GTL industrialization will consist of - the transformation of the natural gas - in synthetic diesel engine and synthetic gasoline - from the gas.
The authorities of the altiplánico municipality met with the vice-minister of Industrialization and Hydrocarbon Commercialization, Willam Donaire -
Industrialization of the gas will begin in Ayo Ayo The feasibility study will be financed by Franklin Oil - For today an act in the altiplánica population is anticipated paceña -
La Paz/Agencies - The industrialization of the natural gas will begin in the plateau with a plant that would settle in Ayo Ayo to produce 200 barrels per day (BPD) of synthetic diesel engine.
Indeed, the project for the feasibility study will be signed Wednesday by the president of the Republic - Evo Morales - in agreement with the report of the administrative senior officer of that Mayorship, Hugo Espinal -
The investment for the plant of gas conversion to - liquids (GTL), gasoducto between Villa Montes - and Ayo Ayo and another infrastructure is calculated - between 200 and 250 million dollars - indicated the general adviser of - Franklin Oil and Gas, Willam Petty.
Although first stage will cost 13 million dollars - Nevertheless, the demand of capital will be defined with the feasibility study - The integral system will contemplate the transport of GTL from well mouth in Villamontes - transport and later industrialization of this power one - that it tries to be extended for the domiciliary gas - and the installation of an office of computers - in benefit of the children -
Franklin Oil company with North American capitals - comes accompanied from Promigas - Yanogas - and Park Soft - all of Colombia - that Fiscal Bolivians will together participate - in the society with Oil fields (YPFB) - and the Mayorship of Ayo Ayo - indicated the adviser of that municipality, Javier Aguirre.
The feasibility study will be financed by Franklin Oil - and in agreement with the calculations of the company -
For this Wednesday a “great ceremony” in Ayo Ayo - with the participation of the president of the Republic - is programmed - Evo Morales - the Hydrocarbon minister - Carlos Villegas - the maximum executive of YPFB - Juan Carlos Ortiz - and other authorities - assured so much the representatives Franklin Oil - like the delegates of the Mayorship of Ayo Ayo -
The plant - In addition, the gas also will benefit 70,000 - families, since they will be supplied - with the power one -
Additionally, the installation of the plant - will leave 10,000 dollars monthly to the Mayorship - of Ayo Ayo -
The adviser of the municipality of Ayo Ayo - Javier Aguirre, said to Fides Agency that -
Franklin Oil -
comes accompanied from Promigas - Yanogas - and Park Soft - all of Colombia - that will jointly participate - in the society with YPFB - and the Mayorship -
Ex. gratia - For 20 years, Gas Natural Colombiano S.A. developed natural gas fields in the Department of Bol�var, on Colombia's north coast. This was a technically and financially successful operation. As these fields were depleted, the search for new sources led to the discovery of natural gas in the Department of La Guajira. A new company known as - Promotora de la Interconexi�n de los Gasoductos de la Costa Atl�ntica- PROMIGAS LTDA. was established in 1974 to tap these deposits. It was converted to a stock company in 1976. Later, in 1990, it became known simply as - Promigas S.A.
Promigas has its main office in Barranquilla (Department of Atl�ntico) and branch offices in Bogot�, Sincelejo and Cartagena.
The company's primary activity is natural gas transmission.
It is firmly involved in the distribution market for this fuel and invests in the gas sector and other activities.
With 35 years of experience - Promigas - is the oldest private natural gas transmission - and distribution company in Latin America - besides being one of the country's most - important corporations.
It has helped to develop the market for natural gas in Colombia by promoting extensive use of this fuel on the north coast and throughout the country -
The plant - In addition, the gas also will benefit 70,000 - families, since they will be supplied - with the power one -
Additionally, the installation of the plant - will leave 10,000 dollars monthly to the Mayorship - of Ayo Ayo - honored its administrative senior officer when explaining that they already elaborated the study of pre-feasibility with promissory results that allows them to follow with the final design -
Franklin Oil company - with North American High-Tech - also comes accompanied from - Promigas - Yanogas - and Park Soft - all of Colombia - that Fiscal Bolivians will together participate - in the society with Oil fields (YPFB) - and the Mayorship of Ayo Ayo - indicated the adviser of that municipality, Javier Aguirre -
A “Great Ceremony” in Ayo Ayo - with the participation of -
the president of the Republic - Bolivia agrees new energy deals - Evo Morales - Some deals were signed with only minutes - to go before the deadline - the rest open to the friends - Jaime Melgarejo, Jr. - Franklin Oil company -
the Hydrocarbon minister - Carlos Villegas - the maximum executive of YPFB - Juan Carlos Ortiz - and other authorities - assured so much the representatives Franklin Oil - like the delegates of the Mayorship of Ayo Ayo -
Also, it said that of beginning the generation of 700 to 1,000 sources of work without counting to the personnel of the plant of quinua is anticipated -
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