Spanish
energy giant Repsol says it respects international law
AFP
MADRID
Petroleumworld.com 01 11 06
Spanish energy giant Repsol-YPF on Tuesday said that it respects
international law, in reaction to accusations that the company
claimed to own part of Bolivia's gas reserves.
"Repsol always respects national and international law in
all the countries we operate in," said a spokesperson for
Repsol, adding that Bolivia had not made a "formal complaint"
on the issue.
Lawyer and journalist Andres Soliz, a member of the committee
which is preparing for the swearing-in of the new Bolivian government,
accused Repsol-YPF of registering reserves from two of the country's
most important gas fields, San Alberto and Margarita, as its own
property on the New York stock exchange.
Soliz underlined that Bolivia owns its gas reserves.
Bolivia's president-elect, Evo Morales, said on a recent visit
to Madrid that he did not consider Repsol-YPF to be one of a number
of "bandit" multinational companies that he publicly
criticised after his election in December.
Around 20 multinationals control the gas reserves of Latin America's
second largest producer after Venezuela.
Morales, a 46-year-old coca grower and Aymara Indian, won the
December 18 presidential election and will be inaugurated on January
22.
AFP
01/10/06
Copyright
© 2006 AFP. All rights reserved
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