Category: Industry

Information about industry sectors such as hydrocarbons, agriculture, etc.

Coronavirus halts delivery of Bolivian meat to China

The Santa Cruz Cattle Producers Federation (FEGASACRUZ) reported that coronavirus is affecting the timing of delivery of beef to China and the destination of ports in that country has been changed. It was expected to export 1,000 tonnes of beef in the first months of 2020, but the delivery of this volume cannot be made possible because of the current situation. The country has an exportable surplus of 40,000 tonnes of meat that has to be shipped to China, Peru and other markets.

Bolivia to review $351mn nuclear centre construction project

Bolivia’s Nuclear Energy Agency (ABEN), halted the construction of the Nuclear Development Research Center of El Alto, until the Legislative Assembly and the Office of the Attorney General, which have initiated audits of the project, are committed about it. Bolivia has already paid $351 million for the project. Russia’s Rusatom Overseas is in charge of the project.

Gas sales to Petrobras will drop by 35% to avoid non-compliance

The addendum to the gas export contract to Brazil, which will be signed on 7 March, envisages a volume between 14 and 20 million cubic meters per day (MMm3d), a reduction of 35% compared to the previous contract. The time of the agreement will be two to four years, and Bolivia is trying to index the price not only at the international price of oil but at the global price of LNG.

Bolivia consumes 120 tons of mercury per year for gold mining

Statistics from both the Ministry of the Environment and the International Mercury Observatory show that mercury consumption in the country is above 120 tonnes per year for gold activities. In Bolivia, adequate mechanisms for controlling the use of mercury in gold mining activity are lacking, and only 250 of 1800 cooperatives are environmentally licensed, an essential document for their operations.

ENDE is reviewing $397 mn hydroelectric project which is at a standstill

The Miguillas hydroelectric project costs $397 million. The work involves the construction of two cascading hydroelectric plants, a dam with a height of 29 meters, 22 kilometres of water conduction tunnels and 100 kilometres of access roads, to increase electricity generation by 204 MW, to inject into the National Interconnected System. In 2014 it was awarded to the Spanish company Isolux Corsán Corviam, a company that went bankrupt in Spain and abandoned the works in 2017. ENDE was in charge of the project and subcontracted the Chinese company Railway to build the tunnels and access roads but left the project in November 2019.

Bolivia negotiates new addendum to gas export contract with Argentina

Bolivia negotiates a new addendum to the natural gas export contract with Argentina with a fixed delivery volume of 10 million cubic meters per day (MMmcd) that allows sufficient amount of gas to meet domestic demand and commitments contracts for exports. Domestic gas production reaches 54 MMmcd, which distributed as follows: 14 MMmcd – household consumption, 30 MMmcd – export to Brazil and 10 MMmcd – shipping to Argentina.

Government to spend $650 MM on exploration

The national government will invest over the next three years, $650 million for hydrocarbon exploration in the department of Chuquisaca. There are three exploratory wells: Sipotindi X1, Boycobo South X1 and Ñancahuazú X1, which belong to the Azero block. The wells of Ñancahuazú and Boyicobo have prospects of exceeding the trillion cubic feet (TCF), Sipotindi expects 0.33 TCF.

ACI Systems seeks to save lithium business for $2.2 bn in Bolivia

In 2017 Bolivian Lithium Sites (YLB) awarded German ACI Systems a contract for the exploitation of Bolivian lithium from the Salar de Uyuni in Potosí and created the joint venture YLB (51%) – ACISA (49%). The German company offered to fund for an industrial complex consisting of three plants: one of lithium cathode materials, another for battery production and a lithium hydroxide factory totalling $1,8 bn. The Bolivian state would receive 68% of the three plants annually, a total of $1.5 bn and ACI Systems would receive $717 million. On December 7, 2018, the Bolivian government issued Supreme Decree 3738 that formed the joint venture but abrogated it on November 2, 2019. ACI Systems maintained that it wants to resolve the conflict.