Category: Economy

Information regarding Bolivia’s productive sector and the country’s macroeconomy.

ENDE-Bolivia begun construction of transmission line in Argentina

Bolivia’s state electricity company (ENDE) began the construction of an electric transmission line in Argentina, announced the president of the firm, Joaquín Rodríguez. The project will allow Bolivia to export up to 120 megawatts of electricity to Argentina and it is expected to be completed by September this year. The line will run through a 110 kilometres corridor from Yaguacua (Bolivia) to Tartagal (Argentina). Bolivia expects to obtain an initial monthly revenue of $2 million which will increase as the demand increase in the Argentine market.

Public investment reached 13% of execution in March

Public investment in Bolivia reached 13% of execution by the end of the first quarter of 2019. The total expended in public projects reached $630 million, 2% less than the originally programmed. The 2019 budget includes a public investment of $5.3 billion, said the Planning Minister, Mariana Prado.

Current gas project at Boyuy field is not profitable. More exploration is needed

The project to exploit gas at the Boyuy field in Bolivia has failed. According to the former Hydrocarbons Minister, Alvaro Rios, the 8,000-metre-deep well contains gas, but its exploitation would not be profitable. There will be new perforations and more tests to find new gas reserves in the country. Spanish Repsol now focuses its attention on starting to drill the well Boicobo, which is located in the Caipipendi block where the Boyuy well is also seated. The Spanish company plans to work in another deep well located in the Margarita block in 2020.

Bolivia and Argentina plan to explore oil in the Amazon basin

Bolivia and Argentina signed an agreement to allow oil exploration and exploitation in the Amazon region. Bolivia’s YPFB and Argentina’s YPF signed will work together the next two months to develop a plan and initiate the technical evaluation to allow the oil activity in the Madre de Dios basin in Bolivia’s Amazonian territory. 

NASA identifies challenges to exploit lithium in Bolivia

The excess of rainfall and the high concentration of magnesium and potassium in brine are two of the challenges for efficient exploitation of lithium in Bolivia, according to the Earth Observatory, an institute dependent on the National Administration of the Space and Aeronautics (NASA). According to the institute, these two factors added costs to the exploitation of lithium and make it less competitive to the lithium produced in Argentina and Chile.