YPFB
{{Short description|Bolivian state-owned enterprise}}
{{For|the Argentine petrol company|YPF}}
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{{one source|date=March 2015}}
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{{Infobox company
| name = Yacimientos Petrolíferos Fiscales Bolivianos
| logo =
| logo_caption =
| image = YPFB_Headquarters.jpg
| image_caption = YPFB headquarters
| native_name = Yacimientos Petrolíferos Fiscales Bolivianos
| native_name_lang = es
| former_name =
| former type =
| type = State-owned enterprise
| industry = Oil and gas
| foundation = {{start date and age|1936|12|21}}
| location_city = La Paz
| location_country = Bolivia
| products = Petroleum
Refined oil products
Natural gas
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner = Government of Bolivia
| num_employees =
| homepage = {{url|ypfb.gob.bo}}
| footnotes =
}}
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is a Bolivian state-owned enterprise dedicated to the exploration, exploitation, refining, industrialization, distribution and commercialization of oil, natural gas and derived products. It was created on December 21, 1936 under a government decree during the presidency of David Toro. YPFB is one of the biggest corporations in Bolivia.{{Cite web|title=Historia de YPFB|url=http://www.ypfb.gob.bo/es/informacion-institucional/contexto-historico.html|access-date=2021-02-02|website=www.ypfb.gob.bo|language=en-gb}}{{Cite web|url=http://merco.info/bo/ranking-merco-empresas|title=Rankings|author=|date=|website=merco.info|language=spanish}}
History
Following Bolivia's defeat in the Chaco War, public outrage against Standard Oil coalesced with outrage against the Bolivian military and political classes. A core of labor movements and Chaco War veterans backed the political rise of military officers, included Colonel David Toro. Led by Toro, Bolivia followed the Argentinean model by creating a national, state-owned and run, oil company in 1936 — YPFB.{{Cite book |last=Gustafson |first=Bret Darin |url=https://www.worldcat.org/oclc/1159629686 |title=Bolivia in the age of gas |date=2020 |publisher=Duke University Press |year=2020 |isbn=978-1-4780-1252-8 |location=Durham |pages=48 |oclc=1159629686}}
During the first presidency of Gonzalo Sánchez de Lozada, YPFB was broken up and largely sold off. "Capitalized" oil companies were formed from YPFB properties under the capitalization (privatization) reform. The biggest parts of YPFB, including existing oil and gas infrastructure, went to Chaco S.A., owned in part by Amoco (and later, British Petroleum and Argentine capital operating as Bridas).{{Cite book |last=Gustafson |first=Bret Darin |url=https://www.worldcat.org/oclc/1159629686 |title=Bolivia in the age of gas |date=2020 |publisher=Duke University Press |year=2020 |isbn=978-1-4780-1252-8 |location=Durham |pages=102 |oclc=1159629686}} 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, the privatized oil companies have been partially nationalized. All its subsidiaries operate as private companies, most of which trade on the Bolivian Stock Exchange, but YPFB and the government has effective control over them.{{Cite web|title=BOLSA BOLIVIANA DE VALORES S.A. - Estados Financieros por Emisor|url=https://www.bbv.com.bo/estados-financieros-por-emisor|access-date=2021-02-02|website=www.bbv.com.bo}}{{Cite news|last=Hinojosa|first=Josue|date=15 January 2020|title=Firmas nacionalizadas de YPFB y ENDE son SA, al igual que Entel|work=Los Tiempos|url=https://www.lostiempos.com/actualidad/economia/20200115/firmas-nacionalizadas-ypfb-ende-son-sa-al-igual-que-entel|access-date=}}
References
{{Reflist}}
External links
{{Portal|Bolivia|Energy}}
- [http://www.ypfb.gob.bo/ Official site] [in Spanish]
{{Authority control}}
Category:Oil and gas companies of Bolivia
Category:Non-renewable resource companies established in 1936
Category:Energy companies established in 1936
Category:1936 establishments in Bolivia
Category:Government-owned companies of Bolivia
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