Industry

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.

Source: Los Tiempos

Categories:Industry