Oil price drops in spite of sanctions on Iranian crude

Oil prices fell on Monday in London and New York, with investors more concerned about global growth than the return of sanctions on Iranian oil.

Ports to the Atlantic could generate more than US$ 1bn

The Aguirre, Gravetal and Jennefer ports, which will allow Bolivia to access the Atlantic Ocean, would generate over US$ 1 billion per year in revenues from imports and exports, said  the managing director of the Bolivian Institute of Foreign Trade (IBCE), Gary Rodríguez.

40 senior civil servants asked to make their bank account available to the public

At least 40 authorities such as state ministers, deputies and senators renounced bank secrecy and asked the Financial Investigations Unit (UIF) to make public its financial activities.

Government is being asked to pay debt of social enterprises

The Government has not yet approved the regulation regarding " the Social Enterprises Act". Factory workers are demanding that the Administration pay the debts of social enterprises.

Bolivia looks to increase its presence on the Atlantic Ocean

Bolivia's Foreign trade seeks more presence in the Atlantic, through the Tamengo channel, at the head of the Paraguay-Paraná waterway. The decision aims to increase exports and imports, so that the Jennifer, Gravetal and Aguirre ports will receive international certifications for this purpose. Cargo movements in those ports are expected to reach five million tons per year.

Sebastián Piñera (Chile) and Jair Bolsonaro (Brazil) pursue an strategic alliance

Chile will be the first country to be visited by Jair Bolsonaro, after officially becoming President, said Chilean President Sebastián Piñera. He added that Bolsonaro will then travel to the United States. His statement follows a conversation Piñera had with his Brazilian colleague in which they discussed a possible strategic alliance around the building of a Bi-oceanic Corridor and a Free Trade Agreement.

Macri wants Argentina to become one of the main oil and gas exporters in the world

Argentinian President, Mauricio Macri, stated that he is working to make Argentina one of the main oil and gas exporters in the world. He added that the energy strategy of his government will allow the country to become self-sufficient after years of missmanagement and inaction.

Bolivia faces the risk of isolation following Bolsonaro’s victory in Brazil

After the victory of Jair Bolsonaro in Brazilian elections, added with the triumph of the right already in Argentina, Chile and Peru, the Bolivian government should pursue a sober and prudent foreign policy with qualified career diplomats to avoid isolation, said international analist Alvaro Del Pozo. 

Lithium: Bolivia identifies five countries as potential markets for export

The Managing Director of Yacimientos del Litio Bolivianos (YLB), Juan Carlos Montenegro, assured that Bolivia would be a player in the lithium market by the end of 2022 with the exporting of "lithium batteries".

Oil & gas in Bolivia is losing its luster

The hydrocarbons industry in Bolivia lost its direction and is not anymore the sector that leverages the productive matrix of the country and sustains the transformation of an economy, concluded a seminar organised by the Jubilee Foundation.