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Article: Morales pushes new contracts on private firms.(Evo Morales)(Luiz Inacio Lula da Silva)
- Article from:
- The Oil Daily
- Article date:
- January 17, 2006
- Author:
CopyrightCOPYRIGHT 2006 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bolivia's newly elected government says it plans to have new exploration and production contracts with private companies signed "within the next few months," which once implemented will ensure Bolivia gets 50% of all oil and gas royalties.
On the sidelines of a meeting in Brazil Friday between Bolivian President-elect Evo Morales and Brazilian President Luiz Inacio Lula da Silva, Morales' Vice President-elect Alvaro Garcia Linera said the new contract had been circulated to some of Bolivia's largest energy companies, including Brazil's state owned oil company Petrobras, Spain's Repsol YPF and Total of France.
A spokeswoman with the Energy Ministry in La ...