dimanche, décembre 03, 2006

Actualité - Morales Ratifies New Hydrocarbon Stage

La Paz, Dec 3 (Prensa Latina) - Bolivian President Evo Morales ratified on Sunday in this capital that the signing of 44 contracts with foreign oil companies, which became a law, marks a new stage in hydrocarbon industrialization.

Morales signed on Sunday in Palacio Quemado the regulation that validates those agreements between state YPFB (Bolivian Oil Deposits) and 12 transnationals.

The head of State also explained that the signing of those contracts will allow the foreign companies counting on the necessary legal security that will help them increase their investments.

The contracts with oil companies will generate a $300-million annual income.

They will also favor a $1.5-billion investment between 2007 and 2010 to favor development of the prospect fields, according to the hydrocarbon ministry statistics.

In reference to his participation in the Africa-South America Summit in Nigeria, on November 30 and December 1, Morales stressed several African nations´ interest in establishing trade and diplomatic relations with La Paz.

He also announced a momentous meeting between Middle East and Latin American heads of State in 2007, opening bilateral trade and cooperation prospects, with great benefits for the Andean nation, he said.

(Prensa Latina News Agency)

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Anonymous Anonyme said...

added to my rss reader

2:16 p.m.  

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