San Buenaventura Sugarmill (EASBA) could invest $US4 million in the production of bio-ethanol, according to its manager, Ramiro Lizondo. The investment would be destined to the construction a dehydration plant with a capability of at least 200,000 litres per day. Enough to allow the company to compete in the biofuels market in Bolivia.
During the first quarter of 2018, Foreign Direct Investment (FDI) in Bolivia grew by 71%, according to the Bolivia Institute of International Trade (IBCE). FDI reached $US257 million during the first three months of 2018, pushed by the hydrocarbons sector ($US109.3 million) and the manufacturing industry ($US92.8 million)
Bolivia is among the fastest growing economies in Latin America, according to various international organisations. The International Monetary Fund (IMF) and the Economic Commission for Latin America (ECLA) increased Bolivia’s growth projections from 4 to 4.3% and the World Bank from 3.9 to 4.5%. These organisations place Bolivia in first or second place in regional growth. However, international experts such as CAF president Enrique Garcia, the country needs significant structural adjustments to diversify the economy that is highly dependent on hydrocarbons and minerals.
The nationalised Mallku Khota mine could benefit Bolivia with $US 8.8 bn based in its deposits of silver, plumber, zinc and gallium. Bolivia won an international arbitrage against Canada’s Andean Silver and will have to pay only $US18.7 million to the Canadian firm.
Although Argentina and Brazil expressed their intention of buying less volume of gas, the Bolivian government believes that there are opportunities. In the case of Brazil, the Hydrocarbon Minister, Luis Alberto Sanchez, said that the new conditions of the Brazilian market offer the chance to negotiate with private companies with the prospect of better prices. Gas exports to Brazil and Argentina reduce 16.7% since 2014. The government recognises that the development of new camp fields in these countries means strong competition, but it is confident in Bolivia’s competitiveness. However, Bolivia’s local governments and economic experts warned that the decrease in shipments would impact revenues, and they urged more investment in the sector.
Lynching, drug-trafficking and contraband are the main reasons why local inhabitants decided to take control of their towns surpassing the police.
Siemens began the construction of a training and service centre in Bolivia to support electric-energy exportation projects in the country. The German firm will invest $US21 million in the centre.
Petrobras is considering to buy less Bolivian gas, according to the Brazilian publication O Globo. The president of Petrobras, Roberto Castello Branco said that he wants to review the contract with Bolivia. Under the agreement, Petrobras is committed to buying 24 million cubic metres (Mcm) of gas per day, and there were moments that the shipments reached 30Mcm per day. Petrobras wants to buy only 15Mcm as the demand in the local market was low, and the company has enough reserves to cover the domestic market.
More than 20,000 tonnes of urea were sold this year in the local market, and the government expects that the amount will increase to 25,000 tonnes in 2019, said YPFB’s president Oscar Barriga. The government spent $US953 million in 2013 to build a urea plant, with the aim […]
An international arbitration court ruled that Bolivia should pay $US18 million to South American Silver Limited for the reversion of Mallku Khota mine in Potosi. South American Silver, a Canadian firm, demanded Bolivia in 2013 asking for $US 385.7 million in compensation. The government insisted that the Canadian company invested $US18 million and offered to pay only this sum. The international arbitration court ruled in favour of Bolivia in this case.