Brazil's Petrobras sold its stake in a Bolivian natural gas pipeline operator, continuing a string of asset sales aimed at generating cash for development of offshore oil fields at home. The Brazilian giant said it sold its 44.5% stake in Transierra to Bolivian state-owned YPFB for 106.7 million dollars.
The Organization of American States (OAS) and Bolivia signed on Friday the agreement on privileges and immunities for the Electoral Observation Mission, (EOM) to be deployed to the general elections to be held in Bolivia on 12 October.
Uruguay promulgated the bill which incorporates Bolivia as the latest member of Mercosur, the South American group made up of Argentina, Brazil, Paraguay, Uruguay and Venezuela. The incorporation of Bolivia should help with the consolidation of a Mercosur Atlantic-Pacific corridor across South America.
The lasted chapter of the resurgent diplomatic conflict between Argentina and Uruguay was not addressed during a brief encounter of presidents Cristina Fernandez and Jose Mujica in Bolivia where they attended the G77 plus China summit over the weekend.
The summit of G77 leaders plus China wrapped up Sunday with a call for an end to poverty by 2030, after a demand by Bolivia's President Evo Morales to eliminate the UN Security Council. It also marked the presence of Beijing which has become the leading trade partner of many Latam countries.
The G77 plus China extraordinary summit which took place in Bolivia over the weekend approved two statements in support of Argentina's position in the 'Malvinas Islands question' and a second referred to the current conflict with holdout hedge funds, a long running litigation that has reached the US Supreme Court. Argentine president Cristina Fernández attended the Santa Cruz de la Sierra event.
United Nations Secretary-General Ban Ki-moon got an unusual treat for his 70th birthday when the president of Bolivia, Evo Morales, presented him with a cake made with coca leaves. The UN chief was in Santa Cruz, Bolivia for a meeting this weekend of the G77 group of countries to discuss measures for reducing poverty.
Latin America has two open wounds, the Malvinas Islands and Bolivia's sovereign outlet to the Pacific, said Bolivian vice-president Alvaro Garcia Linera in Mendoza, Argentina where he was awarded an 'Honoris Causa” for his commitment to regional integration and inclusion.
Bolivia has agreed to pay 31.7 million dollars to British electric utility Rurelec as compensation for the 2010 nationalization of its controlling stake in power producer Empresa Electrica Guaracachi, 10 million less than the amount determined by an arbitration tribunal, the Attorney General's Office said.
Bolivian President Evo Morales revealed on Thursday that, with Argentina's help, his country was working to develop nuclear power. Morales had previously indicated that his country had plans to go nuclear with help from both Buenos Aires and France, but this is the first time that the news was confirmed.