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napo2018

The oil & gas, electricity and lithium industries received $2.5 billion from the government in 2018

During the presentation of the book “12 years of Economic Stability Bolivia,” held yesterday at the Udabol, the Deputy Minister of Budget and Fiscal Accounting, Jaime Durán, reported that this year’s investment was $ us 6,300 million of which 40% ( $ 2,520 million) was directed to the three hydrocarbon sectors, electricity and the lithium industry to produce batteries for electric vehicles.

Gold is being illegally exploited in the river Beni

An ANF investigation discovered that Chinese and Colombian companies exploit gold illegally in the Amazon, in the northern department of La Paz and its confluence with the Beni. To do this they partnered with local cooperatives that gave them their extensive land concessions or grids of 25 hectares in exchange for 20% or 30% of what they will obtain from the exploitation.

Tarija seeks US$400 million for the production from Margarita-Huacaya

The split of revenues from the gas industry in the Margarita-Huacaya field is source to a new interdepartmental conflict, between Tarija and Chuquisaca. The Government of Tarija claims that they did not receive US$ 400 million from the proceeds of royalties and the Direct Tax on Hydrocarbons (IDH) because YPFB did not take into account the interdepartmental limits.

Source: Wikipedia

Lithium industry – Primer

By Bolivia Económica Executive Summary The rising demand for lithium-ion batteries used in Electric Vehicles (EVs) and rechargeable batteries is substantially increasing the demand for lithium. Indeed, securing the supply of lithium is increasingly becoming a top priority for technology and automotive companies in the US, Asia and […]