Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) will invest $67 million in the Villamontes X7 well drilling project, located in the department of Tarija. The objective is to determine the hydrocarbon potential of the Huamampampa formation, with a view to strengthen Villamontes' participation in the gas business, said YPFB president Wilson Zelaya.
Despite being prohibited, six officials of the Gestora Pública (Public Management Agency) sold securities with a capital movement of Bs.43 million ($6.2 million). One person has been arrested for the case, two were summoned to the city of Santa Cruz and the rest are at large. Prosecutor Johan Muñoz reported that the investigation began as a result of a complaint from authorities of the Gestora Pública, following an internal audit process that detected the irregularities committed by the officials.
International river trade moved $980 million in 2019. The transport of goods by the Paraguay-Paraná waterway (Tamengo Canal) reached 2.1 million tonnes, which means a value of $979 million, 2.4% of the country's Gross Domestic Product (GDP). The Ichilo-Mamoré axis transported 1,200 tonnes of cargo worth $1.1 million, according to a report by the Santa Cruz Chamber of Exporters. According to projections, exports and imports via the Paraguay-Paraná waterway could increase by 50 per cent by 2025, reaching a cargo movement of 3 million tonnes.
Cooperativa de Telecomunicaciones Santa Cruz (Cotas) saved Bs. 90 million ($12.99 million) this year, despite adverse conditions. Cotas explained that the savings are the result of a financial optimisation plan, which included reducing operating costs and renegotiating payments to international providers of essential services.
The State Attorney General's Office has been asked to investigate the gold and manganese mining operations of the transnational company Eaglecrest Exploration Bolivia S.A. (Eebol). (Eebol). The objective is to carry out an audit not only of the last five years of mining operations, but much more, in order to know exactly how much royalties Beni has not received from the extraction of its non-renewable natural resources, said local legislator Paul Bruckner.