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.
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News in: Oil & Gas (Bolivia)
Bolivia bills more than $3,027 million for gas sales to Brazil and Argentina between January and November of this year
Bolivia bills more than $3,027 million for gas sales to Brazil and Argentina between January and November of this year
Does private renewable energy have a future in Bolivia?
One of the barriers keeping private developers at bay would be subsidized natural gas power generation.
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