Bolivia still lacks security measures for foreign companies to invest in petroleum exploration

While Bolivian Fiscal Oilfields (YPFB) announced that Colombia’s Ecopetrol signed in the next ten days an agreement to begin exploration projects in country, two energy analysts agree that if the government provides legislative backing to international companies want to invest in the country realize the intentions of bilateral relations will be impossible. Alvaro Rios energy economists and Bernardo Prado, value the ‘gesture’ of YPFB to promote exploration in the international market. However, consider that Bolivia does not have a Constitution of the State (CPE) consistent with hydrocarbon standards, unless a clear study on reservations approved for exploration. This may scare the interest of investors, they say. Read Article