Day: Jan 23, 2020

Bolivia breaks deal to export urea to Cuba

The Minister of Hydrocarbons, Víctor Hugo Zamora, reported that the Government of Bolivia decided to break its contract with a Cuban company for the sale of urea, because the set price is low, causing economic damage to the country. He did not specify how much damage it caused. The product will be incorporated into the domestic market to improve its price and competitiveness. In June 2019, the government of former President Morales signed agreements with Havana for the export from Bolivia of wood, urea and fabrics for about $12 million.

Potassium Chloride Plant operates at 10% of its capacity

The Potassium Chloride Plant has a production capacity of 350 thousand tons per year, and today we are producing only 25,000 tons per year, less than 10%,” said Vice Minister for High Energy Technologies, Luis Ferrufino Terceros, yesterday. The plant’s “poor design” caused evaporation pools to collapse and brine extraction equipment to become damaged by flooding in the salt flat during the rainy season. Bolivian Lithium Sites (YLB) calls on insurer Credinform to take care of the loss of brine extraction pumps that were lost underwater.

Petrobras incorporates Bolivia into global disinvestment plan

After 20 years, Petrobras’ presence in Bolivia begins to come to an end; the Brazilian company has expressed an intention to sell its assets in Bolivia and Uruguay. The decision is the sum of several factors, such as the decline in production of the San Alberto and San Antonio fields; suspension of exploration in San Telmo Norte and Astillero in the Tariquía reserve and the lack of the company’s resources to continue operating in areas such as Presal in Brazil.