Industry

50% of gas revenue used to import fuels

In 2019 the country spent $700 million for the import of diesel and $300 million to import gasoline. This situation equates to 50% of the $2 billion YPFB received for natural gas exports. Bolivia imports 60% of the fuels required by the domestic market, as YPFB production does not meet demand. By 2020 the state-owned company’s budget is $387.9 million, of which 40% would go to exploration and another 40% for distribution. In 2019 YPFB executed only 38% of its budget.

Source: Los Tiempos

Categories:Industry