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Nationalization with feet of clay

Published

Times.

By: WINSTON Estremadoiro

The key to much nonsense is that the sponsor Chávez has taken advantage of a naive Bolivian godson, to torpedo the hydrocarbon sector and fill the resulting vacuum. Is a savior of the country soon to send us troops

Beware idols with feet of clay, says the biblical injunction, because they lack solid foundation and a fall in a downpour. The government of Evo Morales propelled its rise and its current popularity rests on two: the stance against corruption and to nationalize the hydrocarbons.

has become clear that the first is false deity. Members who sell visas to Chinese ghosts and the hype to suspend an abuse of influence to their advantage (no party), naked to the current government, like many before it, sniffed the Marmaja that gives the situation of abuse of political power. We tested the attack against the CNS, rat's nest that took several years to institutionalize the director appointing on merit. Today its name change stirs aromas of rot that reveal the same chola Eng Buzzard before Bakovic, but with a different skirt. The

confirms infection to unveil the Superintendency of Hydrocarbons in YPFB, a puchichiinfecto Evo Morales and his capos which openly sought it was a simple teenager gorse. The government showed that the strand of YPFB will again abuse dairy cow turn, cutting the heads of those who sajaron the pustule and pulled to get out the pus. Above, degrades the institution that oversees the proper functioning of the sector to be a salute to the flag. Such conduct crooked

will point to the second idol with feet of clay of government: the nationalization of hydrocarbons. Both culipandear nauseous nationalize the charade. Even some privatization of praise yesterday, unable to justify positions that are in the past argued that hard. I do not run, but perhaps make the defense minister once the extolled, that yesterday I was seduced by the cunning of gringo president to capitalize on the inefficient state enterprises, until the whiff of corruption in the fine print of the process became unbearable.

But neither is warranted capitalization go to nationalization smelly trout, and perhaps also rotten. Vaunted move there except to make a mockery of the nation's legal system, which is the vector of the disease that has the country in virtual quarantine: legal uncertainty. The Constitutional Court, the highest court of appeal until a constituent assembly without brake for two-thirds vote Amautas invent the Council ratifies something undeniable: that a country is held in a frame legal. In this respect there is the 3058 Hydrocarbons Law and the politician decree "nationalizing." It is incongruous duo, even noting that the capitalization contracts were not endorsed by Congress.

Moreover, Bolivia is no exception in a world ordered by agreements and bilateral and multilateral agreements have the force of law. The "nationalization decree" may have yielded to the president a politician show of military takeover of oil properties, to resent the expense of friendly countries. Its validity depends on the bilateral and multilateral agreements with Brazil, Spain, France and the United States, whose oil companies are covered by such agreements.

These are not times to send gunboats to lay siege to ports to force compliance, except that Bolivia is Mediterranean. Or international arbitration achieve what could be obtained of good ways to improve the terms of contracts with oil companies and boost their investment throughout the supply chain associated with YPFB. Is clear that the achievements of nationalization politicians are nothing compared to that litigation will lose money, because litigation is not free; time because they are long postponed sector development, and motivation, because they raffled the image of legal certainty that encourages foreign investment, technology and capital that Bolivia needs. Have stalled investment in the sector and more than 30 energy companies that have ceased operations in the country. What costume will the country if the arbitration determines that the investments pay more damages?

Will those who now govern levudos are so as not to perceive these effects? No sir. The crux of nationalization is put on a platter the oil and gas reserves of Bolivia to Venezuela's godfather. Hugo Chavez was the benevolent godfather gave millions of free availability, to be elected Bolivia's godson and played the austere that cuts wages for building schools, bringing doctors and teachers Cubans eye to heal and teach the alphabet in rhymes Castro. However, Hugo Chavez will be hard pattern of Bolivia where President Morales Chávez imitates the script to remain in power, but that will depend on the millions of Venezuelan oil to put on airs and survive. Because of improving the country's economy, so far nothing.

Bolivia's gas reserves are the guarantee of payment. Allow the Venezuelan dictator global geopolitics play with their oil, and our gas too. Did not adhere to the stupid gas pipeline that will carry Venezuelan natural markets of Bolivia? It is doubly silly to alienate harassment Brazil's Petrobras and the English Repsol, while Venezuela opens its doors to investments that are migrating to that country. Triple zoncera Not that the development of Bolivia's energy reserves become the caboose of an inefficient PDVSA?

folly The key is that both the sponsor Chávez has taken advantage of a naive Bolivian godson, to torpedo the hydrocarbon sector and fill the resulting vacuum. Is a savior of the country soon to send us troops.

Inteerview Suit For Juniors

Nationalization encountered in its main actor, YPFB

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 law, which is worked out jointly by the Ministry and Bolivian Fiscal Oilfields (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 U.S. $ year around 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 nationalization 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, in order to control them. Only managed to transfer shares 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, a dispute arose between the Reservoir and the Superintendency of Hydrocarbons by a contract the state signed an intermediary and that the regulator said. The Oil Ministry statement said that next week will be delivered 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 the meeting held between YPFB and Petrobras executives 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 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.

The Blueprints On A Hidden Blade

superintendent resigns overruled by President Morales. Morales dismisses

Published Terra.es

Superintendent of Hydrocarbons of Bolivia, Santiago Berrios, said today that he has resigned his position because the president, Evo Morales, disapproved of his decision to relieve one of the high officials of that institution.

Berrios, who took office on Aug. 28, told a press conference that attempted to form a team of its confidence in the Superintendent, but the Director of Administration, Ines Avalos, he would not resign and mentioned in the president.

noted that Morales 'he gave his full support to this official and that determined' to submit his resignation to the president last Thursday, said Berrios.

Berrios said this Thursday is awaiting a response from the president to his letter of resignation and its possible continuation in office depends on respect for its decision to relieve the officer. Avalos

served as Superintendent Acting before the entrance of Berrios, during a trip outside the former incumbent Victor Hugo Sainz, who first reported a case of alleged corruption in the state oil company YPFB on a contract to sell oil to Brazil. Avalos

signed a statement that contradicted the claim made by Sainz and was criticized by other officials of the organization because its position had no technical and legal endorsement.

The Morales case was settled for the relief of the president of the Bolivian Fiscal Oilfields (YPFB), Jorge Alvarado, but also of his accusers, Sainz, a deputy minister of industry and two technical staff of the regulator Berrios those who subsequently ratified in their positions.

Berrios said Avalos's resignation was one of the four waivers requested by the Superintendent for the purpose of hiring a professional you trust who are members of the Patriotic Alliance Bar Association (APA) which he chairs.

That organization was the first reported in 2004, the alleged irregular contract signed by the multinational oil companies in Bolivia have not been approved by Congress.

The letter sent to President Morales, Berrios scored disapproval Avalos change as "an attitude of pressure 'from the Government.

In the press conference, also noted that the staff does not have 'fully trained' and has not demonstrated an effective job.

added that the regulator also faces difficulties because the regulations with which it works are part of the former Hydrocarbons Law was repealed in May last year.

'I told the President, with all sincerity and honesty that nowhere in the world, I have seen working with secondary rules' that have to do with a non-existent law, said the lawyer.