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 .
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 .
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