Day: May 21, 2020

Revenue reduction from gas sales in 2020 is estimated at between $700 and $850 mn

The WTI oil price rose by 69%, to almost $32 per barrel in May, but the upturn will not immediately impact the cost of Bolivia’s export gas, the price of which is reflected in revenues with a six-month lag. If the recovery in the international price of WTI continues, the positive impacts will not be evident until the beginning of 2021. According to analysts, the reduction concerning that budgeted for 2020 would be between $700 and $850 million.

400 travel agencies in the country close down

After almost two months without operating, 400 travel agencies have closed in the country, and the Bolivian Association of Travel and Tourism Agencies (Abavyt) and the National Chamber of Tourism Operators (Canotur) are asking the Government to take over the payment of 4,000 basic salaries for six months, to avoid layoffs and mass unemployment in this sector.

Mining companies owe Vinto $83.2 mn

Metalúrgica Vinto charges $675 to Huanuni and $660 to Colquiri per ton of treated tin. Other smelters charge more than $US 880. The company also points out that in January there was evidence of a debt of $83.2 million for the purchase of tin concentrates from Huanuni, Colquiri and mining cooperatives.