Bolivia dispels fears of oil contracts' revision
|
|
|
La Paz, Jan 7 - The Bolivian government has dispelled apprehension that the new constitution pushed by President Evo Morales will require a revision of the new petroleum contracts signed with 12 foreign oil firms, Spain's EFE news agency reported.'The new constitution does not generate uncertainty' in the sector, said Hydrocarbons Minister Carlos Villegas Sunday in an interview with state-run media outlet Patria Nueva, adding that the oil contracts are not going to be revised if the new charter comes into force.The 12 multinational firms that signed the new contracts and Bolivia's state-owned oil company will invest more than $1.35 billion this year in operations and administrative expenses in energy sector, according to the government.Spain's Repsol YPF and its affiliate Andina will invest $292 million, followed by Brazil's Petrobras and its subsidiary Pesa, who will pump in $263 million.Villegas said Saturday that Bolivia does not plan to reintroduce a plan to sell natural gas to the United States and Mexico. (c) Indo-Asian News Service
|
|
|
|
|
|
Related News
ElBaradei: Iran has not totally rejected nuclear fuel plan
Berlin - International Atomic Energy Agency (IAEA) Chief Mohamed ElBaradei said Friday that he believes that Iran has not totally rejected his agency's nuclear fuel plan, but that time was running out. The ball is now in Iran's court. I hope they wi...
New incident at world's largest nuclear plant in Japan
Tokyo - Smoke rose Thursday from a currently closed nuclear power plant in Japan, but the operator said there was no radiation leak and no one was injured. The smoke emerged from the brake of the hoisting function of a crane in the turbine room of a ...
Iran will not send enriched uranium abroad
Tehran - Iran will not send its enriched uranium abroad for further processing, Iranian Foreign Minister Manouchehr Mottaki said Wednesday. Talking to ISNA news agency, Mottaki added that Iran would, however, consider a nuclear fuel swap inside the c...
China, US firm sign deal for world's largest solar plant
Beijing - US firm First Solar Inc said it signed a framework agreement with the Chinese government Tuesday to build what could become the world's largest solar power plant in China's Inner Mongolia region. Arizona-based First Solar said Tuesday's dea...
French company Areva to provide enriched uranium for Czech utility
Paris - French nuclear energy company Areva said Tuesday it has signed a 15-year contract with Czech utility CEZ to provide enriched uranium for its Temelin power plant. A statement by CEZ said the contract was a very important part of its long-ter...
Syrian explanation about uranium does not square with IAEA tests
Vienna - Syria's initial explanation about uranium traces found by the International Atomic Energy Agency on its territory do not square with the agency's analysis, an IAEA report issued on Monday said. The document said that no progress has been ma...
Russian nuclear regulator worried about increasing atomic waste
Moscow - Russia is getting buried in nuclear waste - about 550 million tons - and needs to do something about it, the Interfax news agency Monday quoted the country's nuclear regulator, Rosatom, as saying. Resolving the problem will take decades, sai...
|
|
|
|
|
| |
|
Investment?
By:
Aaron Ortloff ,
Mon, 07 Jan 2008 22:00:04 GMT
|
|
Investment is a dubious characterization for operations and administrative expenses. Investment would include funding for exploration and drilling to expand production. The petro companies have already defined their spending a "maintaining current production". President Morales' administration has already admitted that production will decline into next year.
|
|
|
|
|
