
Russia’s Gazprom will buy a 20% stake in Total SA’s gas fields in Bolivia. Total will retain 60% ownership in the fields, while a unit of Argentina’s Techint Group holds 20”, announced Bolivia’s Energy minister Juan Jose Sosa.

Falklands’ lawmaker Gavin Short regretted on Tuesday in Bolivia that the governments of South America take for granted the Argentine version of the conflict between Argentina and the UK over the Islands sovereignty without ever having listened to the other side.

President Evo Morales said on Thursday that Repsol and the other multinational companies operating in Bolivia should not fear nationalization since his government only appeals to that extreme when corporations think in ‘looting’ instead of investing.

Bolivia will again belong to the 1961 Single Convention on Narcotic Drugs after its bid to rejoin with a reservation that it does not accept the treaty’s requirement that “coca leaf chewing must be banned” was successful Friday. Opponents needed one-third of the 184 signatory countries to object, but fell far, far short despite objections by the US and the International Narcotics Control Board.

Bolivian president Evo Morales subscribed on Friday the Mercosur incorporation protocol which makes it the sixth member of the regional group. The event took place in Brasilia during the Mercosur summit hosted by Brazilian president Dilma Rousseff.

The incorporation of Bolivia to Mercosur must not become a “straight jacket” that leaves the country with no margin to negotiate trade agreements with other regions, said the private business organization, Bolivia Foreign Trade Institution, IBCE

Paraguay must continue suspended from Mercosur following the group’s presidential summit on Friday, anticipated the head of the Latin American desk from the Brazilian Foreign ministry, Antonio Jose Ferreira Simoes.

Bolivia will announce to its peers at the Mercosur summit in Brasilia, later this week that it is willing to adhere to the trade block as a full member, reported Amanda Dávila, Communications minister.

The Mercosur summit which meets this week, December 6/7 in Brasilia is scheduled to debate the incorporation of Ecuador and Bolivia to the regional block which earlier this year, after waiting since 2006 finally integrated Venezuela as full member.

Foreign minister David Choquehuanca argued that Bolivia can become a full member of Mercosur and continue with the Community of Andean Nations, CAN, and can’t be forced to abandon a block to join another.