Economy & Business - July 2026

BOLIVIA | Petrobras re-engages. On 8 July Bolivia’s hydrocarbons and energy minister, Marcelo Blanco, announced plans for collaboration with Brazil’s state oil company, Petrobras, which halted investments in Bolivia in 2006 following the nationalisation of the oil and gas sector under former president Evo Morales (2006-2019). Following a meeting with Petrobras’ president, Magda Chambriard, Blanco wrote on social media that “Petrobras is returning to Bolivia” and said that he and Chambriard had agreed “to launch technical negotiations and an open agenda that drives the development of our country”. Bolivia’s economy ministry said that the talks with Petrobras “pave the way for new projects, greater investment, and more opportunities for economic growth”. The following day, Blanco said that Petrobras will “collaborate with the restructuring” of Bolivia’s state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), which President Rodrigo Paz has said needs serious reform.

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