The government announced the resumption of the coverage extension projects of the National Telecommunications Company (Entel) with the disbursement of more than Bs 125 million ($17.93 mn). The project involves expanding radio base stations for intercommunication in towns and villages throughout the country and will promote virtual education for students by granting them free Internet access. The strategy will also support access to the mobile phone, cable TV and radio services.
Category: Business
Information regarding the business sector.
Through a decree, the Arce government allocates $5.37 million to BoA
Through Supreme Decree No. 4429, the Government authorised a capital contribution of Bs 37,475,444 to the Bolivian state-owned aviation company (BoA). The disbursement of the amount will be subject to the availability of the National Treasury (TGN).
YPFB asks to reduce up to 28% its gas shipments to Argentina in a new addendum
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) informed the neighbouring country's energy sector authorities that it is in a position to guarantee a gas supply of 13 and 14 million cubic metres per day (MMm3d) during the winter season, i.e. approximately 28 per cent below the volume established in the current addendum, which expires on 31 December.
LAB workers demand payment of $30 mn for wages owed
Extra-employees of Lloyd Aéreo Boliviano (LAB) ask the company's directors for payment of their outstanding wages and other benefits. The amount amounts to 30 million dollars, which could be covered by the auction of the former airline's property at Jorge Wilstermann Airport.
YPFB concludes the Carrasco-Yapacaní gas pipeline expansion project with an investment of $24.39 million
The state-owned Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) reported on Saturday that the capacity expansion project of the Carrasco-Yapacaní Gas Pipeline (GCY) completed with an investment of $24.39 million, to guarantee gas supply to the west of the country and the Ammonia and Urea Plant located in the town of Bulo Bulo, in Cochabamba.
Cimercado SRL will invest $33 million in three projects in Montero
The company Cimercado SRL is building a housing and business complex composed of flat towers, office towers and a shopping centre, in the construction of which they will invest $33 million. The projects will generate 400 direct jobs and 1,200 indirect jobs. After completion, they will employ 800 people.
YPFB confirms that it found oil and gas reserves in the Yarará well
The state-owned YPFB confirmed on Saturday that oil reserves of 13.7 million barrels of oil (MMbo) and 76.8 trillion cubic feet of natural gas (BCF), the latter equivalent to 0.78 trillion cubic feet (TCF), were found in the Yarará X-1 (YRA-X1) well, located in Yapacaní, Santa Cruz. However, there is no date for the start of production because the reservoir is still in the testing phase.
Repairing four pieces in the urea plant will cost $us 26 mn
The urea and ammonia plant has at least four damaged parts: three turbines and a nitrogen generator. Repairing them will take nine months and some $26 million. In the meantime, the country has gone from being an exporter to an importer of the fertilizer. Hydrocarbon Minister Franklin Molina estimates that the economic damage caused by the plant's closure over a year ago is 200 million dollars.
Taxes will collect 240 times more for the chicha, after an agreement to buy 60 thousand T of corn
The agreement between the Cervecería Boliviana Nacional (CBN) and the Government of Cochabamba for the purchase of 60,000 tons of corn for the production of Chicha Taquiña implies not only a secure market for the farmers but also a considerable increase in the collection of the chicha tax, which is estimated to increase 240 times more for chicha.
YPFB will have a deficit of $5.74 bn in 5 years
An internal report by Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) warns that in five years, between 2020 and 2024, the deficits of the state company will be close to 40 billion Bolivians ($5.74 bn). The projection contained in the document Financial Sustainability specifies in its financial flow projection that the oil company will register the mentioned deficit because the expenses will exceed the income due to the growing importation of fuels and the low sale of gas.
