Cerveceria Boliviana Nacional (CBN) and Embol Coca-Cola were listed as the most prominent firms in Bolivia by MERCO Empresas, an international firm that analyses the reputation of companies in Spain and Latin America. According to MERCO, CBN is the company with the best reputation in Bolivia, followed by Embol. In the area of corporate social responsibility and corporative governance, Embol heads the ranking followed by the Cooperative Rural de Electrificacion (CRE) and CBN.
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Public investment in 2019 will decrease by 14.28% in 2019, according to information from the Bolivia Economic Ministry. According to public documents from this institution, in 2018 the state-investment (without considering firms with state participation) would reach $US6.2 billion, but the government programmed only $US5.3 billion for 2019.
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.
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).