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Bolivia’s Morales takes distance from YPF/Argentina conflict and praises Repsol

Wednesday, April 18th 2012 - 01:05 UTC
Full article 21 comments
Bolivian president said “the issue Argentina/Repsol is an issue between Argentina and Spain” Bolivian president said “the issue Argentina/Repsol is an issue between Argentina and Spain”

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.

“The issue Argentina-Repsol is an issue between Argentina and Spain, of Repsol as a company and Argentina. It won’t cause any problem to us because we have a relation of great trust with Repsol”, said Morales on Tuesday during a brief press conference in La Paz.

Morales who announced the nationalization of hydrocarbons in Bolivia not long after taking office in 2006 but then negotiated new contracts with the foreign oil and gas corporations said that “Repsol respects all Bolivian rules and investments promised are going ahead in good manner”.

The Bolivian president admitted “a moment of tension” with Repsol when the Constitutional assembly was drafting the country’s new constitution in 2009 and “the rules were not clearly defined” and then there was a bit of a stall in the investments, but once “the new constitution was approved, and the new contracts, investment accelerated and rapidly picked up”.

“This incident between Repsol and Argentina, I’m convinced that it won’t influence at all in Bolivia because our agreements signed with those corporations and because of the trust existent between the governments of Spain and Bolivia”.

Top Comments

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  • Britninja

    More deafening support for the Argies by their neighbours! It's heart-warming stuff

    Apr 18th, 2012 - 01:21 am 0
  • xbarilox

    Is this news? Bolivia is a another country Mercopress. This is between Argentina and REPSOL, why would Bolivia be involved?

    Apr 18th, 2012 - 01:25 am 0
  • Britninja

    @2 The friction between Argentina and the UK over the Falklands didn't involve the rest of South America either, but that didn't stop the Malvinistas crowing when you thought you had their complete and total support lol. The double standards are so amusing.

    Apr 18th, 2012 - 01:29 am 0
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