Chilean President José Antonio Kast arrives in Bolivia on October 15 for a three-day visit focused on converting recent diplomatic rapprochement into concrete agreements spanning trade, energy, mining and security. The trip marks the first Chilean presidential visit to Bolivia in decades and will include stops in La Paz and Santa Cruz, with outcomes expected […]
Alere SRL remains in regulatory limbo as it seeks authorization to import crude oil and restart its refinery in Cuatro Cañadas, Santa Cruz, while Bolivia confronts persistent diesel supply difficulties. The permit application comes as the country faces ongoing fuel availability constraints that have strained transportation and industrial sectors. The timing of regulatory approval will
Bolivia’s state oil company YPFB has commenced drilling operations at the Surubí Noroeste 6 well, targeting light crude reserves in a field previously operated by Repsol. The project marks YPFB’s continued push to boost domestic oil production through development of existing assets now under direct state control, with technical projections indicating substantial output gains from
Bolivia’s environment minister met with executives from BTG Pactual, Latin America’s largest investment bank, to secure financing for conservation projects in the Amazon and Chiquitania regions. The initiative forms part of a broader effort to attract international capital as the country rebuilds access to multilateral funding following recent IMF and World Bank agreements. Minister of
The United States has signaled interest in deploying capital to Bolivia’s mining, hydrocarbons, green energy and artificial intelligence sectors, contingent on passage of a new investment law currently before the Bolivian legislature. The policy shift follows a meeting between US Secretary of State Marco Rubio and President Rodrigo Paz in New York on September 21,
U.S. Secretary of State Marco Rubio explicitly linked Washington’s backing of Bolivia to planned legislative reforms in fuels, mining and energy during a meeting with President Rodrigo Paz in New York. The discussions centered on a proposed investment law that would unlock American capital in hydrocarbons, mining, green energy and artificial intelligence, with Bolivian officials
Bolivian President Rodrigo Paz Pereira’s elimination of diesel subsidies through Supreme Decree 5716 has ignited coordinated opposition from transport workers, labor unions, and social organizations, threatening to escalate into broader civil unrest. The Central Obrera Boliviana has convened an emergency national assembly while transport federations prepare nationwide work stoppages, potentially disrupting supply chains already strained
The Bolivian government expects to remove subsidies on both gasoline and diesel by the end of 2026, transitioning from broad price support to targeted cash transfers for vulnerable families. The policy shift, which already eliminated diesel subsidies on September 19, aligns with commitments under a $1.9 billion IMF credit facility requiring full subsidy removal by
Bolivia’s government confirmed plans to eliminate fuel subsidies by January 2027 while denying the policy constitutes an IMF-imposed condition, though the commitment appears in official memoranda submitted to the multilateral institution. The administration tripled budget allocations to maintain subsidies through 2026 as international oil prices climb, while announcing closures of up to 10 state-owned enterprises.
