South America / GoM
Country profile: Bolivia
| Location: | Central South America, southwest of Brazil |
| Climate: | varies with altitude; humid and tropical to cold and semiarid |
| Terrain: | rugged Andes Mountains with a highland plateau (Altiplano), hills, lowland plains of the Amazon Basin |
| Size: | 1098580 sq. km total (Land area: 1084390 sq. km Water area: 14190 sq.km) |
| Population: | 9,247,816 (July 2008 est.) |
| Languages: | Spanish (official), Quechua (official), Aymara (official) |
| Government: | republic |
| Capital city: | La Paz |
| Legal system: | based on Spanish law and Napoleonic Code; has not accepted compulsory ICJ jurisdiction |
| Currency: | boliviano (BOB) |
| Licensing: |
Country profile
Bolivia has the second-largest proven natural gas reserves in South America behind Venezuela (see chart in Natural Gas section). The country’s most important exports are natural gas, minerals, and agricultural products. Earnings from natural gas exports are an important driver of Bolivia’s economic growth. In May 2006, President Evo Morales embarked on a campaign of resource nationalism, including the re-nationalization of all hydrocarbon resources and the renegotiation of export contracts with Argentina and Brazil. The impact of this campaign remains unclear: in the short-term, Bolivia has been able to secure higher prices for its natural gas exports, but foreign investment has been slow to recover to its former levels.
Energy production and consumption
| Oil | Gas | |
| Production: | 41,570 bbl/day (2007 est.) | 12 billion cu m (2006 est.) |
| Consumption: | 31,500 bbl/day (2007 est.) | 1 billion cu m (2006 est.) |
| Exports: | 18,500 bbl/day (2007 est.) | 10 billion cu m (2006 est.) |
| Imports: | 8,600 bbl/day (2007 est.) | |
| Reserves: | 440 million bbl (1 January 2006 est.) | 651 billion cu m (1 January 2006 est.) |
| Major fields: |
Bolivia - recent news
| 03 Apr 24 |
Brazil: Corio and Prumo sign MOU to develop offshore wind at Port of Acu Global offshore wind developer Corio Generation and Brazilian port developer Prumo have signed a Memorandum of Understanding (MOU) to explore using the Port of Açu, north of Rio de Janeiro, for the deployment of Corio’s future offshore wind projects – expected to be among the first wave of offshore wind farms built in Brazil. |
| 25 Mar 24 |
Brazil: Petrobras acquires international certificates that guarantee the 100% renewable origin of the electricity used in its operations For the second year running, Petrobras neutralizes 'scope 2' emissions associated with energy consumption purchased from suppliers in Brazil. Petrobras has acquired international certificates attesting that 100% of the electricity used in its industrial and administrative operations in Brazil last year was generated from renewable sources. |
| 11 Mar 24 |
Brazil: Equinor starts production at the Mendubim solar plant in Brazil The 531 MW Mendubim solar plant in Brazil has come into operation. This marks a 30% increase in Equinor’s equity power production in Brazil. Mendubim will annually produce 1.2 TWh of power. |
| 08 Jan 21 |
Bolivia: Echo Energy signs cooperation agreement with GTL International Echo Energy, the Latin American focused energy company, has signed a cooperation agreement with GTL International, a majority owned subsidiary of the Bolivian company UruboCorp focussed on energy production and supply in Bolivia and with interests in both the hydrocarbon and renewables sectors. |
| 15 Oct 18 |
Bolivia: Echo Energy signs Technical Evaluation Agreement with YPFB for the Rio Salado Block Echo Energy has announced the signature of a Technical Evaluation Agreement (TEA) for the Rio Salado Block, onshore Bolivia, directly between Echo Energy and YPFB. |
Bolivia - more news
Other countries in this region
- Argentina,
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Brazil,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Honduras,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela
