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02.11.26 - 19:48
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Chinese cigarettes and Bolivian beer: the Amazonian town transformed by a rampant mining boom (The Guardian)
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Mayaya, once-remote, has become a hub for Chinese companies. But critics accuse them of exploitation and illegal exportsThe pork belly hits the oil with a sizzle, and a rich aroma of soy sauce and caramelising sugar fills the kitchen. Zhang Changchun, a middle-aged man from China's Heilongjiang province, is cooking dinner for his friends on a warm evening in Mayaya, a small town in the Bolivian Amazon.“Bolivia is my happy place,” he says in Mandarin as he adds the dish to a table overflowing with pork trotters, duck wings and braised sábalo fish. In this small restaurant, a group of half a dozen Chinese men gathers most nights to eat, drink and play mahjong. Continue reading......
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21.10.26 - 03:12
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Bolivia′s Energy Crisis Deepens As Natural Gas Reserves Run Dry (ZeroHedge)
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Bolivia's Energy Crisis Deepens As Natural Gas Reserves Run Dry
Authored by Felicity Bradstock via OilPrice,
Bolivia's dwindling natural gas reserves and declining exports have undermined its economy and intensified fuel shortages.
Rising global energy prices and subsidy cuts have increased living costs and fueled widespread protests.
A $1.9 billion IMF rescue package and energy-sector reforms aim to stabilize the economy, but long-term recovery requires diversification.
Years of underinvestment in Bolivia's gas industry have left the South American country facing a severe fuel shortage, as energy prices rise ever higher owing to the ongoing war in Iran. The energy shortages and economic crisis follow years of poor decision-making by the government.
In 2006, then-president Evo Morales took control of Bolivia's fossil fuel industry, renegotiating contracts with international oil and gas companies and benefiting from the revenue. Much of the country's newfound wealth was invested in publi...
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