Argentina and Brazil began paying more for Bolivian gas starting on Oct. 1, the president of state energy company Bolivian Fiscal Oil Fields said Tuesday.
Brazil now pays 4.70 U.S. dollars per million British thermal unit instead of the 4.20 dollars it was paying previously, while Argentina pays 6.01 dollars instead of the 5.08 dollars it used to pay, Guillermo Aruquipa said, according to news reports reaching here.
Aruquipa said the price adjustment was a regular quarterly practice based on the price of four fuels, and the prices will remain steady until late December when they will again be adjusted under the same formula.
He said the calculations using the new prices had not yet been done, but that he was sure the company's earnings would "improve favorably."
Bolivia exports more than 30 million cubic meters of gas a day to Brazil and at least 140,000 cubic meters a day to Argentina.
Source: Xinhua
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