Bolivia
News

IN BRIEF: Bolivia hydrocarbons promotion bill advances

Bnamericas Published: Wednesday, June 29, 2016
IN BRIEF: Bolivia hydrocarbons promotion bill advances

Bolivia's lower house approved a bill that modifies an article of law 767 related to hydrocarbons E&P investment promotion.

The proposed legislation would exempt operators from the requirement of having to sign an addendum to extend a contract up to five years before the contract expires as long as companies pledge new exploration investment of at least US$350mn or at least US$500mn for exploration and development.

Analysts have highlighted the need for new E&P investment to add impetus to Bolivia's hydrocarbons sector amid the country's export-oriented industrialization push.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Oil & Gas

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Methanex Corp.  (Methanex)
  • Methanex Corp. is a Canadian producer and supplier of methanol incorporated in 1992. The Vancouver-based company has an extensive global supply chain and distribution network of...
  • Company: Shell México S.A. de C.V.  (Shell Mexico)
  • Shell México, the local branch of the Anglo-Dutch oil and chemicals group Royal Dutch Shell plc, distributes and trades petrochemicals, lubricants and liquefied natural gas (LNG...
  • Company: Gas Natural de Lima y Callao S.A.  (Cálidda)
  • Peruvian company Gas Natural de Lima y Callao S.A. (Cálidda) is engaged the marketing and distribution of natural gas and the development and implementation of projects in the e...
  • Company: DNV GL Group
  • DNV GL is a private provider of quality assurance and risk management services created in 2013 by the merger of DNV and GL, and headquartered in Hosik, Norway, which operates in...
  • Company: Edison, SpA  (Edison)
  • Edison Spa is an energy infrastructure company operating as a subsidiary of the French company EDF Electricité de France S.A., through its Italian affiliate Transalpina di Energ...
  • Company: Madalena Energy Argentina
  • Madalena Austral, the local unit of Canadian oil firm Madalena Energy, has production and exploration operations in Argentina, mainly in the Neuquén basin. The company is curren...