|
|  |
|
|
SOUTH AMERICA
THE BOLIVIAN NATIONALIZATION OF HYDROCARBONS PROCESS
C.R.&F. ROJAS – ABOGADOS, Santa Cruz, Bolivia
by Diego Rojas
In July 2004, Bolivia underwent a binding referendum by which a majority of the Bolivian population approved the nationalization of hydrocarbons. Consequently and as a direct result of the referendum, the new Law of Hydrocarbons No. 3058 of May 17, 2005, was passed. Although this law sets the foundation for the process of nationalization of hydrocarbons, on May 1st 2006, the government passed the
"Nationalization" Supreme Decree No. 28701, through which the State effectively took control of the whole commercial and production chain. In November 2006, the government of Bolivia through its State oil and gas company, YPFB, managed to successfully sign new Operational Agreements with all private oil and gas producers.
[FULL STORY]
|
|
| |
|
|
|
INTERNATIONAL LAWYERS NETWORK
|
|
|
|
|
