Tag: Bolivia
BoliviaIndia’s ambitious project to mine 20bn tons of iron ore in Bolivia at risk
India’s Jinda Steel & Power's ambitious Bolivian project to mine 20 billion tons of iron ore is at risk after the Bolivian government encashed yet another 18-million dollars bank guarantee from the Indian firm for not meeting contractual terms.
Spain says Argentina should follow Bolivia example and pay a ‘fair price’ for YPF
Toning down its initial strong reactions to the nationalization of Spanish controlled YPF Spain’s Foreign minister Jose Manuel Garcia Margallo said that Argentina should pay a “fair price” for the oil company citing a similar case in Bolivia this week.
Uruguay supports Argentina’s seizure of YPF but countries decide “proceedings”
Uruguayan Foreign Minister Luis Almagro backed Argentina’s controversial decision to nationalize the country's biggest oil company YPF arguing countries’ right to recover a strategic market is “indisputable”.
IMF does not see a ‘nationalization trend’ in South America; Bolivia in compensation talks
The International Monetary Fund (IMF) said it does not see a trend in South America toward state nationalization of private companies despite moves made by Bolivia and Argentina in recent weeks, a spokesman said on Thursday.
US and EU concerned with “investment climate” following Bolivia’s seizure of Spanish power company
Bolivian President Evo Morales Government’s decision to nationalize the main power transport company that was in hands of Red Eléctrica Española (REE) generated claims from Spain, while United States and the European Union showed their “concern.”
Bolivia seizes Spanish owned power company, but promises fair compensation
Bolivian President Evo Morales announced on Tuesday the expropriation of Spain’s Red Eléctrica Española (REE) shares at a power transmission company in Bolivia and ordered the Army to take over the firm's headquarters.
New YPF management says gas supply is guaranteed, in spite of Repsol
The current managers of YPF accused Spain’s Repsol of deliberately delaying or ignoring contracts to supply Argentina with liquid natural gas, following the seizure of a majority stake in the company belonging to the Spanish corporation.
“Brazil ready to live a natural gas golden era” with self sufficiency in five years
Brazil which currently imports 35% of the natural gas it consumes from Bolivia has found sufficient reserves to ensure self-sufficiency in the coming five years announced Mines and Energy minister Edison Lobao.
Bolivia’s Morales takes distance from YPF/Argentina conflict and praises Repsol
Bolivian president Evo Morales clearly took distance from Argentina’s expropriation of YPF, the Argentine affiliate of Spain’s Repsol which was announced on Monday and caused a major rift between Argentina and Spain and the European Commission.
Bolivia rescinds contract to build road through Amazon Indian reservation
Bolivian President Evo Morales says he is rescinding the contract of a Brazilian firm to build a controversial road through the Amazon rainforest. He accused the firm, OAS, of not complying with the terms of the deal.
