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.
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.
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