After oil revenues fell by 29.6% in 2020, the government expects to reach $1.92 trillion in revenues in 2021 due to a more significant increase in gas production, better oil and natural gas prices, and higher exports to Brazil and Argentina.
Category: Industry
Information about industry sectors such as hydrocarbons, agriculture, etc.
Gas exports to Argentina grew 19% in the first quarter of the year
Bolivian gas exports to Argentina grew by 19.10% during the first quarter of 2021 compared to the same period in 2020, according to official information from Yacimientos Petrolíferos Fiscales Bolivianos (YPFB).
Gas exports decrease 22% to the first quarter of 2021
Natural gas exports between January and March 2021 reached a value of $490.9 million, equivalent to a 22.1 per cent decrease compared to a similar period in 2020 when revenues reached $630.5 million.
Public investment reactivates construction with $185 million
Public investment increased by 47% ($185 million) concerning the same period in 2020 ($74 million), with infrastructure investment growing by 148.8% in this period, highlighting the reactivation of highway projects such as El Espino-Charagua-Boyuibe, the Cochabamba metropolitan train, the double-track central section El Sillar and the rehabilitation of the Santa Cruz-Trinidad highway.
35% of banana crops were affected by flooding in Chapare
Due to the overflowing of several rivers in the Chaparé region, 2,500 of the 7,000 hectares of banana crops were affected. This figure represents 35 per cent. The economic damage to producers exceeds $600,000.
YPFB resumes negotiations to export urea for $80 mn
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) retoma las negociaciones para exportar urea y encara la recta final de reactivación de la planta, que demandará 53 millones de dólares. La planta estará funcionando el segundo semestre de este año, periodo en el que también estima exportar urea granulada por 80 millones de dólares. YPFB resumes negotiations to export urea for $80 mn.
Government targets 94.6% coverage in the electricity sector
The government's priority is to reach 94.6% national coverage in the electricity sector this year, mainly with projects in rural areas. The National Electrification Company (ENDE) has a budget of Bs 4,63 billion ($664.56 mn) to undertake investments.
Rescheduled loans increase by 64%
As part of the grace period, the rescheduled outstanding portfolio of financial institutions increased to $1.37 billion, which implies a 64% growth between February 2020 and February 2021.
The insurance sector goes digital, and health policy sales increase 14%
Health and death insurance sales increased by 11 and 14 per cent in 2020 due to the Covid-19 pandemic; however, insurers must perform greater control during the sale of policies in the face of increased risk. Life insurance sales represent 49 per cent of the total insurance business.
Smuggling reduces sales of formal companies by up to 40%
Bolivia loses approximately $2.3 billion annually as a result of smuggling. This effect has repercussions throughout the production chain, causing companies to see a drop in sales of between 30 and 40 per cent, endangering hundreds of jobs and the stability of the national industry's operations.
