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Montevideo, June 20th 2024 - 06:55 UTC

Tag: Luis Arce

  • Wednesday, June 12th 2024 - 14:21 UTC

    Bolivian President outlines scope of partnership with Russia

    University of St Petersburg experts will be moving to Bolivia to teach the language in a move to further strengthen ties between the two countries

    Bolivian President Luis Arce Catacora reviewed with his Russian colleague Vladimir Putin the joint lithium and nuclear projects with which the South American country consolidates its position from a geopolitical and strategic viewpoint given the presence of Iranian facilities and equipment. Arce told reporters in La Paz Tuesday that all these matters were discussed during his recent meeting with the Russian leader in St. Petersburg on the occasion of the International Economic Forum (SPIEF) in the former imperial capital.

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  • Saturday, March 2nd 2024 - 10:40 UTC

    Strengthening Celac key to avoid return to colonial order, Bolivian president says

    Arce also met with his Brazilian colleague Luiz Inácio Lula da Silva to discuss the expansion of trade and investment in infrastructure and natural gas exploration in Bolivian territory

    Bolivian President Luis Arce Catacora said Friday in Kingstown (St. Vincent and the Grenadines), said that strengthening the Community of Latin American and Caribbean States (Celac) and every regional integration space was the only alternative to war to fend off any foreign interference seeking the return to the “already outlawed” colonial order. He made those remarks during his speech at the 8th Celac Summit.

  • Tuesday, September 5th 2023 - 10:30 UTC

    Populist Bolivia running out of natural gas reserves; northern Argentina supply also threatened

    “We have hit rock bottom,” president Arce said in a speech in the city of Oruro, leaving regions without gas export funds to face social welfare outlays

    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.

  • Monday, August 7th 2023 - 10:33 UTC

    YPFB finds new gas reservoir

    “These results will allow us to classify it as the discoverer of a new hydrocarbon field with estimated resources of 0.7 trillion cubic feet of gas and 52 million barrels of liquids,” Arce said

    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.

  • Wednesday, July 5th 2023 - 10:32 UTC

    Bolivian leader in favor of switching from US dollars to yuan

    “Our region is seriously affected by the restrictions and regulations imposed by the US financial system,” Arce told the Mercosur summit

    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.”

  • Wednesday, July 5th 2023 - 10:26 UTC

    Mercosur leaders show support to Massa

    Argentina's current Economy Minister Massa may become the country's next president

    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.

  • Friday, June 30th 2023 - 10:32 UTC

    Bolivia signs lithium production deals with Russian, Chinese companies

    Arce also underlined that Bolivia continues to be the country with the largest certified lithium reserves on the planet

    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.

  • Tuesday, May 2nd 2023 - 10:15 UTC

    Bolivia finds new oil well, President Arce announces

    The finding will help Bolivians have “the dreamed country,” Arce said in his Labor Day message

    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.

  • Monday, January 23rd 2023 - 07:53 UTC

    Some 200 Peruvian protesters arrested for occupying university campus

    PNP troops evicted the demonstrators from the university campus

    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.

  • Monday, December 5th 2022 - 10:01 UTC

    Bolivian gov't signs Census Bill into law

    The law approved in Congress is from the left, Arce underlined

    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.