The national company ON Capital, sent to Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) the interest to buy natural gas for a volume of 4 million cubic meters per day (MMm3/d), this would mean an annual payment to the state oil company of $300 million. Bolivian company interested in buying gas from YPFB for a value of $300 mn per year
Bolivia will have to pay $226 million for the transport of gas on the Bolivian side establishes the eighth addendum. However, Bolivia cannot produce all the agreed gas, and the new volume committed, and the eighth addendum allows savings in fines, therefore, the balance in favour of YPFB-Bolivia (during the year 2020) will be approximately $500 million. Those who pay the cost of transportation, in the end, are those who produce and export gas to Brazil; that is, companies like Repsol and Total, among others.
The National Institute of Statistics (INE) presented the report of national economic performance, among which stands outgrowth of 0.6% of Gross Domestic Product (GDP) to the first quarter of 2020. The Economic Commission for Latin America and the Caribbean (ECLAC) warned yesterday that countries dependent on mining, gas (which includes Bolivia) and oil exports had a substantial drop of 25.8%. The report points out that international trade in Latin America and the Caribbean could fall 23% in 2020 due to the impact of the coronavirus pandemic, which will also cause a decline in imports from the region.
Agribusiness entrepreneur Branko Marinkovic took over as Minister of Development Planning, replacing Carlos Diaz Villavicencio, who resigned Tuesday for health reasons.