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MercoPress, en Español

Montevideo, September 26th 2023 - 10:40 UTC

Tag: Luis Arce

  • 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.

  • Tuesday, August 30th 2022 - 09:35 UTC

    Peru takes over CAN's pro tempore presidency

    Argentina's joining the group was suggested

    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.

  • Friday, April 8th 2022 - 09:50 UTC

    Gas deal between Bolivia and Argentina signed

    Fernández thanked Arce for his efforts

    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.

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