Pagina Siete reports: They claim that the Incentives’ Act is not attractive The 767 Promotion Law for Investment in Hydrocarbon Exploration and Exploitation is not “very” attractive to attract foreign investment to the country, said CEDLA researcher, Carlos Arze. “There are many ways by which foreign investment is determined, Incentives Act seems to be not…
Tag: natural gas fields
Jubileo: Bolivia has no capacity to meet demand for gas
Pagina Siete reports: Jubileo: Bolivia has no capacity to meet demand for gas In the event that Brazil and Argentina demanded the maximum volumes of natural gas that allows them to contract simultaneously, Bolivia currently is not able to meet this demand, which is opposed to the idea of turning the country into a regional…
Bolivia faces crisis on hydrocarbon production levels
El Diario reports: According to analysts Bolivia faces reserves’ crisis The 2016-2020 National Development Plan proposes to increase hydrocarbon production levels, to mitigate “any reduction in international prices”, which was questioned by analysts Guillermo Torres and Marco Gandarillas, on the understanding that the country has no new fields and to discover them for further exploitation…
Bolivia to host gas exporters conference in 2017
EFE reports for Latino Foxnews: Bolivia to host gas exporters conference in 2017The The eastern city of Santa Cruz will host the 4th Gas Exporting Countries Forum (GECF) Summit in 2017, Bolivian President Evo Morales announced Monday. The president said at a press conference at which he was accompanied by Santa Cruz officials, that 12…
Bolivian gov cares very little about the environment, intends to explore oil in seven of 22 protected areas
AFP reports in Yahoo News: Bolivia to explore oil in seven of 22 protected areas Bolivia will explore for oil in seven of 22 protected reserves, the president said Tuesday, sparking outcry from opposition activists. President Evo Morales pledged the exploration would not have detrimental environmental impacts, and said the government had held “consultations” before…
Environment and National Parks under peril due to intended oil exploration!
El Diario reports: Jubileo warns conflicts due to oil exploration Specialist argues that for exploration and exploitation it is necessary that the Government conducts a prior consultation to the communities and indigenous peoples, before being declared as [oil, gas] reserves in favor of YPFB. The search for new hydrocarbon resources by Yacimientos Petrolíferos Fiscales Bolivianos…
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