BMI View: Our current forecast calls for hydrocarbon production to continue its upward trajectory in Bolivia over the medium term; however, we are pricing in weakness toward the end of the decade. Namely, while the country’s oil and gas sector has largely weathered broader concerns related to the business environment, the threat of resource nationalism remains a key risk, as does as fairly weak reserve outlook, encouraging a more tempered long-term outlook. Of the two hydrocarbons, we believe gas has a somewhat brighter future. While above-ground risks continues to weigh on our forecast to a certain extent, redevelopment of producing …
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