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YPFBYacimientos Petroliferos Fiscales Bolivianos (Bolivian Oil Company)
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A dozen multinationals signed new contracts with the state-run Yacimientos Petroliferos Fiscales Bolivianos (YPFB) agreeing, among other things, to pay taxes and royalties of between 50% and 85%.
Under his watch, Morales has overseen about 20 nationalizations since 2006, when he decreed the expropriation of the hydrocarbons industry and concluded the gradual renationalizing of the subsidiaries of Yacimientos Petroliferos Fiscales Bolivianos (Ypfb).
YPFB Chaco, which is a subsidiary of Bolivia's oil and gas company Yacimientos Petroliferos Fiscales Bolivianos (YPFB), declared it obtained environmental permits, including from the environment ministry, on August 27, 2012.
En concreto, en el sector hidrocarburifero, este proceso significo que la exploracion, la explotacion, el transporte y la distribucion, asi como la industrializacion y la comercializacion de los hidrocarburos se llevaria a cabo por nuevas sociedades anonimas mixtas formadas entre multinacionales del sector y las empresas surgidas de la escision de la estatal Yacimientos Petroliferos Fiscales Bolivianos [YPFB).
Total (Paris: FP) (LSE: TTA) (NYSE: TOT), a France-based integrated oil and gas company, has entered into an agreement with Gazprom (LSE: GAZP) and Yacimientos Petroliferos Fiscales Bolivianos (YPFB), an Argentina-based state-owned company, to explore the Azero block in Bolivia.
The nationalization plan of Morales over gas and oil calls for all private gas and oil producers to sell 100 percent of their output to Yacimientos Petroliferos Fiscales Bolivianos (YPFB), a government-owned enterprise which will determine the payment to these companies on a case-by-case basis.
He has sent troops and engineers to take over the gas fields, giving the present foreign operators six months to agree to hand over most production controls to Bolivia's cash- poor state-owned oil company, Yacimientos Petroliferos Fiscales Bolivianos, or face eviction.
According to data from the state-run oil and gas company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) compiled by Jubileo Foundation, Santa Cruz consumed 8,946 barrels per day (bpd) of diesel in the first half of 2012.
He said soldiers and engineers with Bolivia's state-owned oil company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) would be sent to installations operated by foreign petroleum companies.