Bolivia is close to signing gas purchase-sale agreements with private companies in Brazil and Argentina, informed the Hydrocarbons Minister, Luis Sanchez. He added that oil & gas revenues reached $US1.9 billion in 2017 and the estimations for this year are $US 2.2 billion and for 2019 $US2.5 billion.
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Bolivia has a long history with the oil and gas industry, with the country’s first liquids production commencing in 1925. Today production is dominated by gas, a commodity that has become vital to the country’s economy.
By E. Dunphy, ACA Natural gas has played a key role in Bolivia’s economy, notably over the last 15 years where production has more than doubled from 2003 levels to reach 1654mmscf/d in 2017. However, under-investment in exploration now sees the country boasting a reserves life of a […]
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Lithium industry – Primer Latin America represents a huge concentration of lithium as a resource and reserves, the latter representing ca. 61% of global reserves. Of note, Bolivia does not feature in those reserves statistics as of year-end 2017. More Opinion: Beyond pilot trials – Lithium extraction […]
Opec has again lowered its forecast for 2019 oil demand growth in a further sign Saudi Arabia and its partners inside and outside the cartel could be forced to cut supplies to bring the market into balance.
Due to a high demand bureaus exchange in La Paz were left without dollars for selling to the public. The incident occurred a week after the Bolivian Central Bank decided to close the sell of the US currency through its windows.
Bolivia received more than $US36 bn thanks to the nationalisation of hydrocarbons companies in 2006, according to the President of the state oil corporation (YPFB).
Paraguay is currently working on the Bolivian proposal to enhance the Paraguay-Parana waterway. The current transport capacity on the waterway is of 100 million tonnes per year. The Paraguayan Minister of Public Works said that his country is ready to support any integration initiative in the region.
The Bolivian State Oil corporation (YPFB) pays to sugar mills in the country up to 26.7% more for ethanol than the market price in Brazil. Sugar mills are paid $US0.71 cents per litre while in Brazil the price is $US0.52 cents.