The oil company Total E&P Bolivie confirmed this Sunday that the gas exploration in the Ñancahuazú X1 well was unsuccessful, so it ended the drilling task in the Azero block, located in the department of Chuquisaca. In 2014, Total signed a contract for Petroleum Services to Exploration and Exploitation of Reserved Areas in favour of YPFB in the Azero block, with a 50% participation as the Block Operator. The French oil company drilled up to 5,830 meters without finding evidence of a gas reservoir.
Day: Dec 7, 2020
Urea plant loses $257 million in one year and removes 84% of workers
Built in 2017 to impact agriculture with the production of fertilizers, it began its operations questioned for generating economic losses to the State. The Bulo Bulo Urea and Ammonia Plant in the Cochabamba Tropics, the largest petrochemical complex in the country, has been paralyzed since November 2019. In one year it lost 257 million dollars and withdrew 84% of its workers.
Bolivia has 13,500 hectares of wild cocoa
Bolivia currently has significant areas of land dedicated to cocoa production, with at least 13,500 hectares (ha) devoted to the harvesting of wild cocoa from stands, and 14,884 for hybrid cocoa. Currently, Bolivian cocoa is one of the agricultural products with the highest demand for the national and international market. Cocoa production is promoted in Bolivia by Helvetas Swiss Intercoperation, since 2012.
Foreign debt increased fivefold in 12 years
Bolivia's foreign debt increased fivefold in 12 years from $2.28 billion in 2007 to $11.28 billion in 2019, according to a report by the Jubilee Foundation with data from the Central Bank of Bolivia. By 2020 the main creditors are IDB, CAF, private (Sovereign Bonds), China and the World Bank, in that order.
YPFB to pay $17.22 million debt to sugar mills
The state-owned company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) began to pay a debt of approximately Bs 120 million ($17.22 mn) to the Guabirá (Montero), Unagro (Minero) and Aguaí (Aguaí) sugar mills for the purchase of anhydrous alcohol (ethanol). The debt contracted during the transition period and the payments of July, August, September and October 2020 left in arrears.
The movement of export cargo falls by 51% on the Paraguay-Paraná waterway
According to the Chamber of Exporters, Logistics and Investment Promotion of Santa Cruz (the volume of export cargo transported by this river system decreased by 51% until October of this year. From January to October 2019 exports reached $379.3 million, in the same period of 2020 they only got $193.9. It represents a 49% decrease.
International reserves reduced by $1.2 bn between September and November 2020
Disinformation and political tension in the country generated an unusual demand for dollars. It caused that, between the end of September and November 13 of this year, $1.2 billion came out of the Net International Reserves (NIR), according to data from the Central Bank of Bolivia (BCB). The result of all this was a $5.15 billion stock, the lowest level since 2007.
