The reactivation of this urea and ammonia plant is part of the Bolivian government's drive to rebuild the country's productive economy. | Photo: @LuchoXBolivia

La Paz, September 7 (RHC)-- The president of Bolivia, Luis Arce, reactivated this Monday the urea and ammonia plant of Bulo Bulo, in Cochabamba, and at the same time announced the execution of feasibility studies for the opening of another similar plant, as part of the boost to the agrochemical industry.

During the presentation, the Bolivian president denounced the intentions to damage the country's economy by the de facto government of Jeanine Añez, which paralyzed the operations of that plant for 22 months, causing a loss of 450 million dollars.

"450 million dollars of economic damage is not a political revenge.  Do not come to complain (de facto government and opposition).  This is economic damage to the pockets of Bolivians, and we have instructed our Minister of Hydrocarbons to follow all the processes to determine the culprits of all this," said the President.

"The coup government wanted to stop everything that MAS-ISPS was doing, making people believe that we were doing things wrong, that we did not know what we were doing.  Today, it is demonstrated that the only ones who did not understand how the Bolivian economy works, who never understood the needs of the Bolivian people, are all the right-wing coup leaders."

Referring to the economic losses due to the plant's stoppage, President Arce stated that the resources could have been used to strengthen the productive engine, "the amount would have been useful to start the second plant, which costs 900 million dollars.  We would have already been halfway there with those resources for the second urea plant," he said.

Data provided indicate that the agricultural sector was buying a ton of urea at a cost of 833 dollars in the international market, when this plant offered it at 400 dollars, practically half the price.

The President also instructed his Minister of Hydrocarbons and Energy, Franklin Molina, to prepare technical studies to determine the feasibility of installing a second urea plant in the country, as well as a future industrial complex of fertilizers and agrochemicals.