Industry

Bolivia forecasts decline in gas sales revenue

The fall in the international price of oil caused by coronavirus will have negative consequences in Bolivia, as the country depends on 60% of the revenue from the sale of natural gas and the price of gas indexes to the cost of oil. The addendum to be signed by YPFB and Petrobras envisages a reduction in export volumes by 35%. According to the Public Accountability Report of the Ministry of Hydrocarbons, oil revenues between January and November 2019 reached $1.84 billion.

Source: Los Tiempos

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