Brazil points out that Bolivian gas imports declined by 31%
Brazil’s national oil agency indicated that gas imports decreased from 33 Mcmd (million cubic metres per day) in 2014 to 26 Mcmd in 2018.
asouviron
Digital media consultant and journalist. Passionate about history.
Government signs new mining contract with Canadian company in Potosi
The government signed a contract with the Canadian New Pacific to exploit important silver deposits in Potosí. An initial investment of $US 6 million is estimated, with the aim of producing about 10,000 tons of silver oxide per day.
The government announced signs of significant gas reserves
There are signs of significant gas reserves in geological formation of Huamampampa in the regions of Santa Cruz, Chuquisaca and Tarija, announced the government. Hydrocarbons Minister, Luis Alberto Sánchez, said that after having exceeded the 7,800 meters of drilling there are strong indications of the existence of a “sea of gas”. However, gas analysts warned that at that depth the results of production tests should be expected to determine profitability.
Bolivia aims to export gas to Paraguay and Peru
Bolivia negotiates with Paraguay the export of 4 million cubic meters of gas and also studies the possibility of selling to Peru, so that the Bolivian gas markets would increase from two to four, announced the Minister of Hydrocarbons, Luis Alberto Sanchez
Bolivia needs urgent economic adjustments in an electoral year
Diversify exports, review the exchange rate, lower the fiscal deficit, lower labour costs, reduce the external debt and balance the international reserves, increase productivity and restore confidence in the economic policy are some of the urgent challenges that Bolivia faces in 2019, an electoral year, said several economists consulted by Los Tiempos.
Electoral year will generate uncertainty for gas investments
2019 is an electoral year, and it comes with uncertainty for new investments in the hydrocarbons sectors, warn the Bolivian Hydrocarbons and Energy Chamber (CBHE). The organisation said that gas production has reduced since 2014 and there is an urgency to broaden the exploratory frontier, but the political environment will have an impact in 2019.
Bolivia ranked 128 among 161 countries to do business in 2019
Bolivia ranks 128 among 161 countries to do business in 2019, according to Forbes. The American publication states that Bolivia is a resource-rich country with strong growth attributed to captive markets for gas exports, Brazil and Argentina. However, it remains one of the least developed countries in the region because of state-directed policies that deter investment.
Electoral authorities in Bolivia remain divided
The firing of two technical experts from the Electoral Supreme Court (TSE) in Bolivia has caused clashes among the electoral judges. TSE’s Vice-president, Antonio Costas, denounced that the firing of the two technicians was decided without consulting him, despite him being the head of the informatics department.
$US950 million to develop Puerto Busch on the Paraguay-Parana waterway
The public and private sector will invest $US950 million to develop Puerto Busch, in Santa Cruz, which will improve Bolivian exports towards the Atlantic Ocean through the Paraguay-Parana Waterway, said the Minister of Government, Carlos Romero. The investment split is expected to be US$ 500 million public sector and US$ 450 million private sector.
Chile and Brazil agree on a bi-oceanic corridor without including Bolivia
Presidents Sebastián Piñera and Jair Bolsonaro agreed to start the construction of the railway, which will pass through Paraguayan territory and northern Argentina.
