RELATED ARTICLESJuly 2010 - Rapid growth in oil and gas production and a competitive fiscal regime should make Peru's forthcoming licensing round a success, says Perupetro. Miles Lang reportsJuly 2010 - US limits on energy-derivatives trading unlikely to reduce speculationJuly 2010 July 2010 - The chemicals business appears to be at the start of an up-cycle, but few are forecasting a boom, Martin Quinlan writes
Free Preview
Energy policy
Latin America: Bolivia's gas nationalisation stalls; Brazil's gas-spending surges
WHEN Bolivian President Evo Morales sent troops to occupy oil and gas fields and decreed a nationalisation of his country's energy industry on 1 May, the plan was to re-found YPFB, the state-owned oil company, and place it in firm control of everything from refining, fuels distribution and gas prices to pipelines and, eventually, exploration and production. The decree said foreign majors would have to sign new contracts with the government by 1 November and hand over majority control of their Bolivian energy assets. Part of Bolivia's plans have now been delayed and the government admits YPFB has neither the cash nor the expertise to take on the full breadth of its new role in the immediate future. On 11 August, the government said some aspects of its nationalisation would be "suspended". YPFB said that to fulfil its new role it would need a cash infusion of some $180m. Bolivia's Central ...Click here to continue reading Energy policy
|
