“Bolivia must change the rules to attract investments in the hydrocarbons industry “

Argentina and Brazil opened to foreign investment, and thus they managed to increase their oil and gas reserves. They also progressed to become self-sufficient in energy. Meanwhile, Bolivia stayed behind as there were no new oil and gas discoveries in the last decade. “Therefore the rules must be modified to attract private capital towards the hydrocarbon sector,” stated energy consultant Boris Gomes Uzqueda.

Gas negotiations with Brazil and Argentina could impact volume of shipments

Bolivia is in contact with Brazil and Argentina to review the gas agreements with the two countries. According the Hydrocarbons Minister, Luis Alberto Sanchez, said that the negotiations will impact on the volume of shipments but it can be expected that the prices will not change. However, regional authorities in Bolivia feared that the new contracts will have a negative impact on royalties.