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Paraguay consumed 28,000 bbl/d (4,500 m 3 /d) of petroleum in 2006. It does not currently produce any crude oil.In February 2006, Paraguay's Public Works Ministry announced that oil had been discovered in the western Chaco region by British oil company CDS Energy Services, though CDS stated that the reservoir was too tight to facilitate unassisted oil production.
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Paraguay contains six terrestrial ecoregions: Alto Paraná Atlantic forests, Chaco, Cerrado, Humid Chaco, Pantanal, and Paraná flooded savanna which fall into two main natural regions, divided by the Paraguay River: the Paraneña region (a mixture of plateaus, rolling hills, and valleys) and the Chaco region (an immense piedmont plain).
The mineral industry of Paraguay mostly consists of Paraguayan state-owned firms. The structure of the country's mineral industry would, however, change, particularly in the natural gas sector, to a privately and/or joint-venture owned, government-regulated regime from one that was only government owned (Banco Central del Paraguay, 2007).
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