Bolivian president Luis Arce, announced on September 1st. that the country’s natural gas reserves have been depleted, and exports to Argentina and Brazil will be interrupted, leaving a massive hole in the economy of the country.
Bolivian authorities have reported that the state-run oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) had discovered a new gas field in the Okinawa area after recent studies in the Remanso-X1 (RMS-X1) well. The new reservoir will generate approximately US$ 5 billion in gas, it was explained. It will also contribute to savings in fuel purchases of US$1 billion, according to YPFB.
Luis Arce Catacora, president of Bolivia, a Mercosur associate nation that has long been trying to become a full member of the bloc, said Tuesday during the 62nd Summit in Puerto Iguazú (Argentina) that it was time we move[d] away from the [US] dollar to base ourselves on the [Chinese] yuan and strengthen our own currencies.
Presidents Luis Lacalle Pou of Uruguay, Luis Arce Catacora of Bolivia, Mario Abdo Benítez of Paraguay, Luiz Inácio Lula da Silva of Brazil, and Paraguay's President-elect Santiago Peña Tuesday showed strong support to Argentine Economy Minister Sergio Massa, a likely candidate to become President comes Dec. 10, on the sidelines of the 62nd Mercosur Summit in Puerto Iguazú.
Bolivia's state-owned company Yacimientos de Litio Bolivianos (YLB) Thursday signed two separate agreements whereby Chinese and Russian companies will invest over US$1.4 billion to build two industrial complexes for the production of lithium carbonate, it was reported in La Paz.
Bolivian President Luis Arce Catacora Monday announced the discovery of the YOPE-X1 hydrocarbon well in the municipality of Yapacani, in the department of Santa Cruz, it was reported.
Peruvian authorities have arrested some 200 demonstrators during the weekend after the March of the Four Suyos (Inca empire provinces) advanced on Lima -the so-called Lima Takeover- demanding President Dina Boluarte's resignation, in addition to fresh elections and a constituent assembly.
Bolivian President Luis Arce Catacora has signed into law the bill regarding the national census, which had sparked a 36-day strike in the province of Santa Cruz, where most of the country's rightwing population opposing the Socialist government lives.
Peruvian President Pedro Castillo Terrones Monday welcomed his colleagues from Colombia, Ecuador, and Bolivia, Luis Arce for the Council of the Andean Community (CAN) summit in Lima.
The Government of Argentina Thursday announced a new understanding with Bolivia to secure a daily gas supply of 14 million cubic meters and a commitment so that, in the future, Argentina will have priority to import any surplus in output.