Bolivian oil companies Andina and Chaco report profits of Bs.104 million ($15.1 million) and Bs.72.2 million ($10.5 million), according to data from the Bolivian Stock Exchange (BBV). Both companies are subsidiaries of State-owned YPFB.
As of October this year, Bolivian private banks registered a profit of $230 million, said the Executive Secretary of Bolivian Banking Association (Asoban), Nelson Villalobos. He added that the profits represent a 12% return on Banks assets.
Bolivia expects to sign an addendum to the gas contract with Brazil by 31 December, before the current contract ends, said the Hydrocarbon Minister, Luis Zamora. In an interview with the newspaper Página Siete, he said the the current reserves of 8.95TCF will allow the country to keep its business with Brazil. He added that the challenge now is to find new reserves.