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 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.
