Month: Nov 2019

Bolivia’s trade deficit reached $748 mn at end-October

Bolivia’s trade deficit reached $748 million, reported the Bolivian Institute of Trade (IBCE). As to October 2019, exports reached $7.3 billion while imports reached $8.1 billion. The main markets for exports were Brazil, Argentina, Japan, India, Colombia and the US. Imports came mainly from China, Brazil, Argentina, Peru, the US, Chile and Japan.

42% of Beni’s land will be use for agribusiness

The new Soil Use Plan Act for the department of Beni, in the East of Bolivia, states that 42% of the region’s land will be earmarked for agribusiness. The act, signed by the regional government, has generated several critics, as it prioritises agricultural land and it has not been concerted with the indigenous sector.

Paititi Mining will close it’s operation for 10 months

Paitití Mining Company (EMIPA), that extracts gold, copper, silver and wolfram, will close its operations for 10 months from 17 December, due to technological conversions. Herland Soliz, Energy Secretary of the Regional Government of Santa Cruz, regretted the company’s decision and said that it contributes with 65% of the mining royalties for the region. As for this year, EMIPA already payed $3.12 million in royalties.

Proven gas reserves certified at 8.95 TCF, says Bolivian government

Bolivia’s gas proven reserves have been certified in 8.95 trillion cubit feet (TCF), which is lower than the last certification in 2018 (10.7 TCF) made by the Canadian firm Sproule, informed the Government. However, the reserves are enough to granted the export contracts to Brazil and Argentina and the internal market, said Hydrocarbons Minister, Victor Hugo Zamora.

Bolivia named first Ambassador to the US after 11 years

The new Bolivian Government named Oscar Serrate as Extraordinary Ambassador to the United States. Serrate will be the first Ambassador in the US in 11 years, when the then Ambassador Gustavo Guzman was expelled by the US government in response to a similar move from Evo Morales’ government. Serrate was Ambassador to the United Nations.

Bolivia’s government wants to stop oil & gas activities in Tarija’s natural reserve

Bolivia’s Hydrocarbons Minister, Victor Hugo Zamora, said that all oil & gas activities (exploration and exploitation) will be stopped in the Tariquia natural reserve in Tarija, south of Bolivia. He added the Government made the commitment to protect the reserve from oil activities but he acknowledged that this will not be an easy task as there are already contracts with hydrocarbon companies.