Category: Industry

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

Capstone Turbin signed first long-term FPP service contract in Bolivia

Capstone Turbine Corporation, the world’s leading clean technology manufacturer of microturbine energy systems, announced that it continues to expand its market presence in Latin America with its first long-term Factory Protection Plan (FPP) service agreement in Bolivia for a 600 kilowatt (kW) microturbine system. Despite the recent impact from Covid-19, the countries in Latin America represented 13% of Capstone’s total revenues in the fiscal year ended March 31, 2020, compared to 12% of total revenues in the prior fiscal year.

Oil prices close to $40 a barrel

The WTI (West Texas Intermediate or US crude) oil barrel, the reference for Bolivia, was close to $40 a barrel. In Bolivia, it should not have an immediate effect since gas sales prices calculated quarterly for an average daily rate of the previous quarter. They estimate that the impact of the price will be felt in the June-September quarter.

40% drop in liquid hydrocarbon production expected in 5 years

The natural decline of the fields and the drop in natural gas exports are the main factors leading to a considerable reduction in the production of liquid hydrocarbons which, according to forecasts by the Jubilee Foundation, will fall by at least 40 per cent by 2025, taking into account that the production of liquids fell by 25 per cent from 2014.

Agricultural exports: Peru generates $2,036 per hectare and Bolivia $322

According to the NGO Productivity Biosphere Environment (Probioma), Bolivia exported $1.2 billion worth of agricultural products in 2019, while Peru exported $7 billion, without GMOs and on almost the same amount of arable land. In 2018, Peru had a cultivated area of 3.4 million hectares, and Bolivia had 3.8 million hectares. Peru generates $2,036 in agricultural exports per hectare and Bolivia just $322 and with subsidies in diesel and preferential markets from the Andean Community of Nations.

Gold exports reached $446mn from January to April

In 2017 Bolivia exported a total of 37 tons, worth US$ 1,073.7 million; in 2018 it sold 40 tons for over US$ 1,170.8 million; in 2019 it shipped 51 tons for US$ 1,743.2 million. Between January and April this year, almost 12 tons were exported for $446 million. The data shows that there are two export items: gold ores and their concentrates; and the other forms of raw gold, which is about 90% exported.