Day: Dec 6, 2018

Sernap modified protected area to allow hydrocarbons exploitation

The Nacional Service for Protected Areas (Sernap) modified in 2014 the distribution of the Tariquia National Reserve in Tarija, to allow oil activity in the area, denounced Jorge Campanini, an expert of the Information and Documentation Centre of Bolivia (Cedib). He added that the new adjustment would allow hydrocarbons exploration and exploitation at what was the centre of the national reserve.

Bolivia will receive $US2.5 bn for gas incomes but will export less to Argentina and Brazil

Bolivia will receive an income of $US2.5 billion but will export less gas to Argentina and Brazil. Hydrocarbons minister, Luis Alberto Sanchez, affirmed that Bolivia would receive these gas revenues thanks to the legal security in the country that allows new investments and gas contracts. However, former Economy Minister, Luis Arce, recognised that Bolivia would substantially reduce its gas exports to Argentina and Brazil, the two main markets for the country.