Will Bolivia double hydrocarbons spend in 2019?

Bnamericas Published: Friday, March 15, 2019
Will Bolivia double hydrocarbons spend in 2019?

Hydrocarbons investment in Bolivia this year is estimated at US$1.45bn versus US$711mn in 2018, albeit last year's projection had been US$1.2bn (see tables below).

"The decline in international oil prices has had a negative impact on the execution of investments in the hydrocarbons sector," according to the hydrocarbons ministry (MHE).

The country's statist control of the sector also would be a contributing factor,as suggested by Bolivias 72nd place in The Fraser Institute's latest petroleum survey which ranked 80 jurisdictions in terms of attractiveness.


Other factors to take into account are South America's recent geopolitical changes amid shifting natural gas market patterns, as well as Bolivia's presidential election this year.

Read Is Bolivias upstream starting to sputter ?

The bulk of this year's planned spend is for upstream (US$905mn), with 219 projects approved by state hydrocarbons company YPFB, of which 49 are for exploration and 170 for production, led by YPFB Andina, YPFB Chaco and Repsol.


A breakdown of this year's planned activities across Bolivia's hydrocarbons value chain and a review of work carried out in 2018 is available here.


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