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Febrero 11, 2006
New Investment from Petrobras
Bolivia will forfeit all future investment, critics predicted. Bolivia’s too unstable and the new radical government will chase away any type of economic activity. Mexican President Vicente Fox said that Bolivia will just eat its own gas, if it chooses not to export under very liberal terms.
Well, Bolivia’s largest investor to date, Petrobras announced that it will not only continue its operations, but it will expand and invest to the tune of 5 billion dollars over the next five to six years.
The Minister of Hydrocarbons, Andres Solís Rada said that, “These negotiations are unlike those of the past, I am talking about those of the last decade, because there wasn’t a interlocutor from Bolivia that truly represented national interests,”
Posted by eduardo at Febrero 11, 2006 08:42 PM
Comments
Soliz Rada is full of crap, I know people who were in on those negotiations FOR YEARS, and they always tried to get the best deal possible for Bolivia.
Goni, in particular, was a SOB in negotiations, getting Brazil's government to actually guarantee some of the loans was a coup.
Bolivia had no bargaining position, it was bankrupt, and had no credit worthiness.
Lula and Evo cut a deal, which is good.
Posted by: Boli-Nica at Febrero 15, 2006 02:04 PM