Brazil warns against Bolivian hydrocarbons legislation

04/04/2005
Future investments by Brazil's state-owned Petroleo Brasileiro SA (Petrobras) in Bolivia's oil and gas industry will be jeopardized if Bolivia's proposed hydrocarbons bill is approved by the Senate, Brazil's Mines and Energy Ministry said in a news release. The bill has been approved by the lower house."Approval of the hydrocarbons law will without a doubt entail serious difficulties for Brazilian investments in Bolivia," Brazil's Mines and Energy Minister Dilma Rousseff told the local press.Petrobras Pres. José Dutra added, "Petrobras has every interest in continuing in Bolivia. We are awaiting the conclusion of this debate."A Petrobras source, who requested anon...
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