Friend Of Nadine Jansen

Alvarado and those who denounced him, senior oil.

Published in La Vanguardia .

The superintendent suspended the contract to export Brazil oil because it would cause losses to the state.

La Paz. (EFE) .- The president of Bolivia, Evo Morales, relieved the chief executive of state oil company YPFB, Jorge Alvarado, accused of violating the nationalization of oil delivered in May and dismissed the way to all senior managers who made or seconded that accusation.

In the presence of Alvarado, Morales was sworn in at the government palace in La Paz's new president Bolivian Fiscal Oilfields (YPFB), Juan Carlos Ortiz Banzer, who until today was vice president of administration, contracts and control of the same company .

Earlier, presidential spokesman Alex Contreras, read a "letter of resignation" of Alvarado, in which he describes as "false" allegations of corruption made by the opposition and the media.

appointed lawyer Santiago Morales Berrios Caballero Hydrocarbons new superintendent, replacing Victor Hugo Sainz, who had lodged the complaint against Alvarado and had resisted pressure from the Executive to rectify.

Berrios liquidator had been appointed before (auditor) at Andina, a joint venture in which it has most of the actions the English-Argentina Repsol YPF, but could not take office as opposed to it, as reported the same Efe.

There is also a new deputy minister of Exploration and Production of Hydrocarbons Ministry, Guillermo Aruquipa, advisor to the nationalization, replacing Julio Gomez, who criticized YPFB and supported the superintendent.

were fired today, in addition, the legal director of the regulator, Ramiro Ergueta, and the director of economic analysis, Tatiana Genucio, who prepared the report against Alvarado.

The former president of YPFB five weeks ago was accused of violating the rules dictated Morales nationalized on May 1, when signing a contract with an intermediary to export oil to Brazil, because the oil state has a monopoly on the marketing of hydrocarbons. In addition, the contract was awarded without competitive bidding and are violated other rules of procedure, under supervision, the Oil Ministry and the Comptroller General.

However, Morales insisted today he believes in the innocence of Alvarado, but accepted his resignation and admits that she may make mistakes, as there are many opinions against the "administrative responsibility." Again denounced a "conspiracy" against nationalization and said the opposition responsible for the registration period of uncertainty during the last month. "Comrade Alvarado is incorruptible, "the president said in the presence of the now former president of YPFB.
sector
The superintendent suspended the contract signed by Alvarado to export oil to Brazil because, presumably, would cause losses to the State for about $ 38 million.

The complaint, which is still investigating the prosecution of La Paz, Alvarado was rejected even though the Ministry of Hydrocarbons and the Comptroller General issued reports matching that violated several standards. The new officers were sworn in with Morales, Vice President Alvaro Garcia Linera and industry minister, Andrés Soliz Rada, who last week was criticized by the opposition majority in the Senate.

With today's changes, Morales hopes to settle the biggest political crisis of his first seven months in office, and silence the critics about because their main banner, the nationalization of hydrocarbons, not to be realized in fundamental ways.

YPFB was unable to take the marketing monopoly of gas, oil and its derivatives, as mandated by the decree of May 1, for lack of resources. They are also about to fulfill four of the six months set to negotiate new contracts with multinational companies operating in Bolivia, led by Brazil's Petrobras and Repsol YPF, but the talks are deadlocked.

Bolivian state oil company has also failed to receive new resources resulting from the nationalization, or dominate half plus one of the actions of five joint ventures and privatized by previous governments re-nationalized in May.

What Happened To My Place In Greece

The Government recognizes that the nationalization of hydrocarbons require 'at least 20 years. " Evo

Published Terra.es

The Bolivian government recognizes that the nationalization of hydrocarbons require 'at least 20 years' and it will not be easy to rebuild the operating structure Oilfield Fiscales Bolivianos (YPFB) before privatization.

In fact, the Superintendent of Hydrocarbons, Victor Hugo Sainz said needed 'long' to modify the rules and set the stage for executing the nationalization decreed on May 1 by President Evo Morales.

'You have taken 10 years to destroy the industry and the government is building in six months. The process will take 10, 15 or 20 years and who say in two years does not know who is speaking. You are creating false expectations for what reasons I do not know, "said Sainz.

In an interview with a local newspaper, picked up by Europa Press, recalled that despite having the new Hydrocarbons Law and the decree of Morales, the legal framework is not yet clear why investment for this sector have been 'frozen'.

'TUNE' THE RULES

'potential capital now expected to operate clear rules (...) The nationalization process is an arduous journey that can take years, not six months or 180 days, "he insisted Superintendent of Hydrocarbons.

also stressed that current operating with foreign oil companies has to be 'in tune and in some cases modified' to suit the situation by passing Bolivia with Evo Morales administration.

"While there are expectations from the opposition on the facing Morales nationalized in the past sector representatives that will destroy the industry, process that took about 10 years. Now do not come to claim, "he added.

Finally, he acknowledged that even the nationalization moves "slowly" and that changes in the regulatory sector are just beginning, are aware that legal rules are still unclear, and therefore can not meet its objectives .

Genotypescystic Fibrosis

concrete fails

Published Republic .

WAITING • More than one hundred days of this action remain stalemated negotiations with Repsol YPF and Petrobras • Business state lacks the resources to exercise control of the business sector.

Antonio Martínez. EFE.

More than one hundred days of the hydrocarbon nationalization decreed on May 1 by the president of Bolivia, Evo Morales, his government fails to realize several key aspects of that measure.

completed three of the six months that the decree set to sign new contracts between the state and the multinationals who want to stay in Bolivia, remain stalled negotiations with the English-Argentina Repsol YPF, Brazil's Petrobras and other companies.

addition, the government said Friday in a statement that the State Sites Petroliferos Fiscales Bolivianos (YPFB) lacks sufficient resources to exercise full control of the business sector and thus to meet with nationalization. YPFB

not be done half plus one of the several joint oil privatized by previous governments and re-nationalized in May.

On the negotiations with multinationals, Hydrocarbons Minister Andres Soliz, in several of his very frequent public statements in recent months, said it is essential that a responsible government audits, but neither are complete.

Soliz announced in mid-May that "three months" estarían listas esas revisiones de las cuentas de nueve petroleras, “para tener los otros tres (meses, del plazo de seis) destinados a la negociación de los contratos”.

“Las auditorías nos van a demostrar si la perforación de pozos ha costado US$ 35 millones”, agregó Soliz, que pone en duda la contabilidad de las multinacionales.

El ministro explicó entonces que esa cifra es excesiva en comparación con las “perforaciones en el mar del Norte o Noruega, (donde) apenas llegan a 15 ó 20 millones”.

Financiamiento

El gobierno de Bolivia gestiona ante el Banco Central un desembolso de US$ 180 millones para que YPFB opere fully in the entire production chain.

How Strong Is Alprazolam

nationalization Nationalization faced in its principal actor, YPFB Bolivia

Published Reason.

The Executive is preparing a bill to reorganize the state. Says that this process is temporarily suspended. It managed $ 180 million to the Central Bank of Bolivia.

The government acknowledged yesterday that since May 1 there was little progress in the implementation of the nationalization decree, so far, three months later, devises a plan to save the process.

According to a statement released yesterday by the Ministry of Oil, this plan is the elaboration of a draft of law, which is worked out jointly by the Ministry and Oilfield Fiscales Bolivianos (YPFB) - to reorganize the state.

27,801 nationalization decree, adopted on 1 May, provided that, in 60 days, proceed to the comprehensive restructuring of Deposits, "making it a corporate, transparent, efficient and social control."

From all the powers granted by the Presidential Decree, Yacimientos only took over the wholesale market of fuels, but does not have the operational capacity, and appointed the directors of five companies nationalized. He also negotiated an increase in the price of gas that the country sells to Argentina and increased participation for the State to 82 percent in San Antonio fields San Alberto, which generate up to year around U.S. $ 270 million .

For other tasks, such as control of the refineries, negotiating new contracts with oil companies, setting a new price for gas imported Brazil and the import and export of oil, progress scarce.

Indeed, the Oil Ministry statement said that for now, YPFB's participation throughout the production chain "is temporarily suspended due to lack of economic resources. " Notes that this step will be disbursed when managed U.S. $ 180 million to the Central Bank of Bolivia for the state to carry out the tasks that the nationalization was granted.

Meanwhile, the statement said, negotiations for oil companies operating in the country continue to change their contracts under nationalization.

However, exchange of contracts, audits are required prior to the oil fields, "with the results of which will ultimately determine the role of business in these contracts."

In the more than 90 days after the nationalization, the government also failed to get 51 percent of the shares of the capitalized oil: Chaco, Andina and Transredes, so control them. Only managed to transfer the shares of Bolivians in the Pension Fund Administrators (AFP) to the state oil company and its directors and trustees named in these companies.

addition, Reservoir also failed to take control of the refineries owned by Petrobras and Hydrocarbon Logistics Company of Bolivia (CLHB), because negotiations to buy 51 percent of shares not thrive.

Amid all this process emerged a conflict between Reservoir and the Superintendency of Hydrocarbons by a contract signed with the intermediate state and that the regulator said. The Oil Ministry statement said that next week will deliver the internal audit report and shall be remitted to the Comptroller.

gas prices in
see
Petrobras and the Bolivian Fiscal Oilfields (YPFB) decided yesterday to extend the initial period of negotiations on the request for review of the contract price of buying and selling gas (GSA) for 60 days .
The decision was taken yesterday after a meeting between executives of YPFB and Petrobras under the schedule of meetings to set the new price of Bolivian gas.

According to a statement released by Petrobras to the media, "the new deadline will allow Petrobras and YPFB further, jointly, the efforts to find mutually acceptable solutions to the issue under discussion."

The next meeting between representatives of both companies is slated for Sept. 14 in Bolivia.
On Thursday, the president of Petrobras, José Sergio Gabrielli, admitted that negotiations with YPFB going to take longer than originally planned.

Weaves That Work While Working Out

admitted he had no resources to implement nationalization

Published The Counter .

Oil Ministry acknowledged that "the full force of the participation" of YPFB in the entire production chain "is temporarily suspended due to lack of financial resources of the state enterprise."

Bolivia's government has admitted that the state oil company YPFB lacks sufficient financial resources to exercise full control of the oil business in the country and thus comply with the nationalization issued last May.

The Oil Ministry said in a bulletin that "the full force of the involvement of" Fiscal Oilfields Bolivianos (YPFB) throughout the production chain "is temporarily suspended due to lack of financial resources of the state enterprise."

"To overcome this limitation with the Central Bank manages the disbursement of 180 million dollars, which YPFB will operate throughout the production chain," the statement said.

One of the tasks assigned to YPFB for the nationalization decree and that the firm is still unable to assume management of the country's revenues from the sale of hydrocarbons.

This attribution had been fixed by two ministerial decisions issued on 28 July last and placed on hold by another issued four days later, according to documents to which today agreed Efe and had not yet been disclosed.

funds from the sale of fuel should be transferred by the oil companies who trade oil on account of YPFB in the Central Bank, instead of going to the General Treasury of the Nation.

With these resources, YFPB should distribute royalties to the regions and the Direct Tax on Hydrocarbons, give companies the percentage in the business and keep its share, which is 32 percent.

Among the foreign companies that trade fuels in Bolivia are the English-Argentina Repsol YPF, Brazil's Petrobras, TotalFinaElf of France and British subsidiaries of British Gas and British Petroleum.

Hydrocarbons portfolio also said that together with YPFB is finalizing a bill to reorganize the state enterprise "so that it can implement the provisions of the nationalization decree, signed on 1 May.

In its statement, the Ministry confirmed that negotiations are continuing to sign contracts with multinational companies wishing to operate in the context of nationalization.

He added that continuing audits of gas fields to determine the final share of firms in contracts.