Bolivia will have to pay $226 million for the transport of gas on the Bolivian side establishes the eighth addendum. However, Bolivia cannot produce all the agreed gas, and the new volume committed, and the eighth addendum allows savings in fines, therefore, the balance in favour of YPFB-Bolivia (during the year 2020) will be approximately $500 million. Those who pay the cost of transportation, in the end, are those who produce and export gas to Brazil; that is, companies like Repsol and Total, among others.
The Bolivian company Sigma will import the Russian drug Avifavir, designed to combat Covid-19, and will subsequently produce it in its laboratories in Cochabamba, once the necessary procedures completed. According to the agreement, Russia will sell at least 150,000 packages of Avifavir. It will transfer the technology for producing the final dose to its partner in Bolivia, which will reduce the waiting period and logistics costs, as well as the time needed to introduce Avifavir in the treatment of coronavirus.
The roadblocks led by the Central Obrera Boliviana, following the postponement of the elections to October 18, are causing damage to the logistics of transporting the grains that correspond to the winter cycle harvest to the collection and processing centres. There are approximately 800,000 hectares in the process of harvesting corresponding to wheat, corn, sunflower and sorghum crops.
The Federation of Cattlemen of Santa Cruz (Fegasacruz), informed that according to their projections until the end of the year they calculate to generate $49 million in beef exports. China is the leading market for domestic producers. In 2019 some 5,000 tons were exported at a value of $24.5 million.
The agreement includes the daily sale to YPFB of more than 2,600 barrels of HS diesel and 650 barrels of 84 octane gasoline, volumes that may be increased according to the parties, until December 2020, subject to renewal.
After a few weeks without activity due to the quarantine, the real estate market in Santa Cruz resumed its operations with specific changes. There was a drop of up to 30% in the value of rentals compared to the months before the confinement. Last year the average price of the houses sold in Santa Cruz was $155,000. Currently, the average value of the properties is $132,000, a drop in prices of just over 10%.
Between yesterday and today, six hot spots recorded in different parts of Tunari Park. Yesterday, more than a thousand hectares consumed in the protected area. Today, the fires occurred in the municipality of Tiquipaya and are uncontrolled. Fires are recurrent at this time of year because many people burn to prepare the land and plant crops, but they do not control the blaze, and the wind exceeds all human possibilities.
In New York, the price of the US West Texas Intermediate (WTI) barrel, which refers to the export price of Bolivian gas, fell by 4.99% to $39.21.
Construction companies are in emergency mode because the public sector owes them about $350 million. Given the lack of Government’s payment, they are preparing a series of measures to be implemented until the authorities give a solution to the problem.
Only 27% of the country’s construction companies renewed their business registration, amid a crisis in the sector caused by the Government’s failure to pay payrolls, which amount to nearly Bs 2.5 billion ($359.19 mn). The failure to update the trade register may be the result of the closure or paralysis of companies since the lack of updated documentation prevents them from continuing to develop their commercial activities in the sector.