Day: May 13, 2019

Peruvian businessmen seek strategic alliance with Bolivian entrepreneurs

Peruvian businessmen from the manufacturing sector visited the cities of Cochabamba and Santa Cruz to establish commercial relations with Bolivian entrepreneurs. Peruvian companies specialising in equipment for the food industry, packaging and packing, construction materials, medical and pharmaceutical equipment and cosmetics, offered products and services in order to generate commercial strategic alliances.

Current gas project at Boyuy field is not profitable. More exploration is needed

The project to exploit gas at the Boyuy field in Bolivia has failed. According to the former Hydrocarbons Minister, Alvaro Rios, the 8,000-metre-deep well contains gas, but its exploitation would not be profitable. There will be new perforations and more tests to find new gas reserves in the country. Spanish Repsol now focuses its attention on starting to drill the well Boicobo, which is located in the Caipipendi block where the Boyuy well is also seated. The Spanish company plans to work in another deep well located in the Margarita block in 2020.

BCB: It is more profitable to invest reserves abroad

The investment the Bolivian Central Bank (BCB) made with the international reserves abroad were more profitable than the return obtained for lending money to state companies in Bolivia, said the international financial affairs expert, Jaime Dunn. He added that in 2018, BCB’s investment in different portfolios abroad had a return of $149 million or 2.13%, while the loans to state companies had a return of 0.62%.