Bolivia drives energy matrix change, awards conversion centers contracts

Bolivia's government has awarded new contracts to workshops for the conversion of vehicles to CNG, maintenance of equipment, requalification and replacement of CNG cylinders in the department of Tarija. The contracts will support the sustainability of the policy of changing the energy matrix to natural gas. The Government hopes that the initiative will contribute to the generation of more than 120 new jobs.

Anapo: Action against transgenics slows the movement of $ 2 bn

The popular action presented in mid-July by a group of activists and representatives of indigenous peoples to suspend Supreme Decree 4232, which shortens the procedures for the evaluation of five transgenic crops, motivated the declaration of emergency by the Association of Oilseed and Wheat Producers (Anapo). It sees an attack against the country's development, food security, and the Santa Cruz production model that generates a movement of more than $2 billion annually.

Forestry sector: Exports exceed imports by $6.6 million

Bolivia's forest trade shows positive balances. A report prepared by the Bolivian Forestry Chamber (CFB), based on data from the National Institute of Statistics (INE), shows that in the first half of 2020 the country has exported wood products worth $22 million, while imports in the same period reached $15.4 million, which means a positive trade balance of $6.6 million. The data also establishes that Bolivia's exports of wood products decreased by 27.7% concerning the same period in 2019, while imports also had a 25.9% decrease.

Bolivia, with 75% of the world commercialization of the Brazil nuts signs contract with Eastern Europe.

Bolivia is the country that has 75% of the world commercialization of almonds, followed by Brazil and Peru. It is the primary source of economic income for more than 100 communities. The state-owned Empresa Boliviana de Alimentos y Derivados (EBA) diversifies its export market by signing a contract for the operation of foreign trade in almonds to Eastern Europe.

Oil: WTI barrel for October delivery up 1.7%

Oil prices closed on Tuesday at their highest level since early March, with the arrival of Hurricane Laura disrupting oil activities in the Gulf of Mexico. In New York, the US barrel of WTI for delivery in October rose 73 cents to $43.35 (+1.7%). In London, the North Sea Brent barrel for October delivery also gained 73 cents to $45.86 (+1.6%).

Bolivia to remain a net importer of crude with forecast net imports of 13,040b/d in the 2020-2029 period.

Bolivia maintains a small net import balance for crude oil, with import volumes estimated at 2,960b/d in 2018 and rising to 11,850b/d in 2019, given a significant drop in oil production that year. As we expect domestic production to further decline over 2020, the imports are likely to increase to over 13,000b/d. Given that investments in oil production remain secondary to gas-targeting projects, we maintain our view that Bolivia will remain a net importer of crude over our forecast period 2020-2029. The increasing demand from domestic refineries will mainly drive higher imports due to growing fuels consumption from 2021. We highlight that Bolivia hopes to increase exports of LPG over the forecast period as new infrastructure comes online.

Floods affect 12,976 hectares

The authorities of the municipality of San Pedro, 140 kilometres north of the capital of Santa Cruz, reported that the floods last Friday morning affected seven communities and at least 12,976 hectares, leaving considerable losses in soybean, sorghum, corn and vegetable crops.