Industry

Income from gas sales in Bolivia will fall by 35% due to the collapse of oil prices

Due to the fall in oil prices, Bolivia’s gas revenues will decline at the same rate as oil in the global market. The companies YPFB and Petrobras signed an addendum to the gas purchase and sale contract, keeping the price of gas indexed to the cost of WTI crude, which so far stands at $31 per barrel. YPFB anticipates that oil revenue will fall by up to 35%.

Source: El Deber

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