Bolivia’s two refineries operate, between them, 65% of its installed capacity. The data was released by YPFB Corporación after an audio was leaked in which workers from the subsidiary YPFB Refinación questioned the main heads of the sector: the president of the state, Oscar Barriga and the Minister of Hydrocarbons, Luis Alberto Sanchez, because of the drop in liquid production. In his disclaimer, Yacimientos said the fall is due to the low nominations he receives from one of his main buyers: Brazil.
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The Minister of Rural Development and Lands, César Cocarico, reported yesterday that Bolivia is able to export at least 8,000 tons of beef to China, without affecting domestic demand. However, the authority clarified that the sales quota for that Bolivian product was not yet defined with the Asian country.
Economy Minister Luis Arce said that economic indicators in Bolivia are in very good health, growing above 4%, except for those of the export of natural gas to Argentina and Brazil. According to him, the cause for the fall in natural gas export volumes is the return to neoliberalism in Argentina and Brazil. He added that another cause is the US-China trade war. According to Juan Antonio Morales, former president of the Bolivian Central Bank, natural gas is Bolivia’s largest export commodity and cannot be downplayed.
Bolivia yesterday provided China with a health protocol for the export of its beef that will allow it to level its trade balance with the Asian country and to maintain its projections of regional economic growth. President Evo Morales, together with the president of the Federation of Cattlemen of Santa Cruz (Fegasacruz), Ciro Pereyra, presented the ambassador of China to Bolivia, Liang Yu, the document in an event held at the Santa Cruz Exhibition Fair.
The US will expand the import quota of sugar from Bolivia by 1,239 metric tons so that the country will now be able to sell 9,663 tons of raw cane sweetener to the country’s marketa. In January 2018, the Government authorized the free export of sugar and its derivatives. After being stagnant by a lustre, in August of that year the export of raw sugar to the North American market resumed and the the value reached $4.5 million. Bolivia had not used its quota for more than seven years, until September 2018, when it exported 7,500 TM.
The agreement allows the creation of a market of close to 800 million people. It is hailed by both sides as a landmark in global policy making and a coup for their exporting companies.
The manager of the National Telecommunications Company (Entel), Mauricio Altovez, announced that it is expected to lower internet and mobile tariffs in a “substantial” way from September of this year, by using fibre optics through Peruvian territory. Entel’s manager explained that having a sovereign fibre optic over stake will allow the state-owned company to negotiate directly with international operators to purchase internet services, which will have an impact on a fee reduction in favour of its users in the country.
The Government, through a bi-ministerial resolution, issued the Certificate of Internal Supply and Fair Price which gives full, quota-free freedom to soy producers to place 1.6 million tonnes of grain (for human consumption or raw material) and 60,000 tonnes of soybean seed to overseas markets.
The unconventional exploitation of hydrocarbons in the geological formation of Vaca Muerta, Argentina, this week added a new record of fracture stages, which accelerated its gas production, lowered its costs and, in the future, will force Bolivia to compete in the market with lower prices according to expert analysis.
After the waiting compass set out on Friday and nine days of blockades, soybean-producing organizations in the region open dialogue with staff of the Financial System Supervisory Authority (ASFI) and financial entities (Banco Unión and BDP) to reschedule and refinance credits.