Bolivia vows to back lithium, energy deals to rebuild trust
Bolivia’s new pro-United States government says it will honour all existing hydrocarbons and lithium contracts, including opaque deals with Chinese and Russian companies, as it seeks to restore investor confidence after years of political and economic turmoil.
Energy Minister Mauricio Medinaceli said last week the government would respect agreements signed by the previous leftist administration, even where it disagrees with how they were awarded, calling the pledge a “first message to investors.”
Speaking in La Paz on January 16, Medinaceli said the commitment covered oil traders that supplied fuel last year as well as companies involved in lithium exploration…
