PRESS RELEASE

Bolivia negotiates with Hinove Agrociencia of Brazil the sale of 300,000 tons of urea

By
Monday, August 20, 2018

This press release from Bolivia's Ministry of Hydrocarbons was published using an automatic translation system.

The President of the private company, Hinove Agrociencia of Brazil, Renato Benatti, arrived to the country to advance in the purchase of 300,000 metric tons (MT) of Bolivian urea. "We are interested in buying Bolivian urea, because it is the country that has the best logistics for Brazil, which is the largest consumer market in South America, because they are closest to Brazil," Benati said in the Santa Cruz capital where the meeting was held. with the technical teams of the Ministry of Hydrocarbons and YPFB.

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The company Hinove Agrociencia markets fertilizers in the markets of Mato Grosso do Sul and Sao Paulo.

This meeting was held as a continuation of the meeting held with the Minister of Hydrocarbons, Luis Alberto Sánchez, on August 9 in Campo Grande. "We came to Bolivia with the objective of getting a long-term contract, from 7 to 10 years, of urea with YPFB," said Benatti.

"We negotiate with countries like China, the United States, and we have to cross a whole continent, I believe that this business will be good for both Brazil and Bolivia because Bolivia is a potential export country for urea," said Renato Benati.

It should be noted that during the last visit of Minister Sánchez to Brazil, in addition to the negotiations of the 300,000 MT of urea, the possibility was opened of specifying with Mato Grosso do Sul a contract of spot type of 25,000 MT of urea, a sale that would be immediate and that will generate new revenue for the country.