LA PAZ, Bolivia (AP) - The new president of Bolivia's state energy company said Saturday he wants to help create a continentwide energy alliance that would compete with powerful multinationals and eventually control the price and production of oil and gas in Latin America.
The alliance would include energy-producing countries in Latin America, including Central America and the Caribbean, and would include the state energy giants Petroleo Brasileiro SA, or Petrobras, and Venezuela's Petroleos de Venezuela SA, or PDVSA, Jorge Alvarado, president of Yacimientos Petroleros Fiscales de Bolivia or YPFB, told The Associated Press.