The companies themselves are waiting on a further explanation of the new rules and requirements for them to operate. Apparently they are unaware of the details.
http://tinyurl.com/oh8dc [[The Government aims to study the impact of the nationalization of Bolivia's oil and gas industry on investments in the South American country. The Spanish Government said that it plans to meet this week with representatives of the affected companies to study the impact on their investments in the South American country of Bolivia. Meanwhile, Spanish-Argentine oil and energy company Repsol YPF SA said Tuesday the nationalization of Bolivia's oil and gas industry is "concerning.'' Bolivian President Evo Morales chose Labor Day, May 1, to announce the sector's nationalization, ordering companies to sign new operating contracts within 180 days or leave the country. He said foreign companies must turn over most production control to Bolivia's cash-strapped state-owned oil company, Yacimientos Petroliferos Fiscales Bolivianos. Foreign companies also were told that their production would be turned over to YPFB for sale and industrialization, affecting mostly Repsol and Brazil's state-run Petrobras. "The news is concerning, but we are waiting for more details to understand the information,'' said a Repsol spokeswoman. Shares in Repsol were down 0.8 percent at euro23.50 (US$ 29.70) in afternoon trading in Madrid.] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:206098 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
