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Petrobras optimistic on Bolivia
Petroleumworld
Margarita Island, Venezuela
Petroleumworld.com 09 01 06
Jose Fernando de Freitas, head of the Bolivian unit of Brazil's Petrobras, said is moderately optimistic about its company position in Bolivia after Bolivia's president Evo Morales replace radical Jorge Alvarado as president of Bolivia's oil company YPFB with Juan Carlos Ortiz Banzer, a former Petrobras Bolivia manager, the Valor newspaper said Thursday.Despite his optimism de Freitas said he is worried about how little time there is left to negociated with Bolivia on the nationalization of Petrobras asses iin Bolivia.
"If we are really going to start a period of negotiations for a deal that would be good for both parts, we only have a very short time period; the deadline is Oct. 28," Freitas is quoted as saying.
Morales nationalization of its oil and gas industry that Morales decreed on May 1, demanded that all production at the well head will be handed over to YPFB, just as refineries and distribution.
Petroleumworld 31 08 06
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