Carlos Villegas, the head of Bolivia’s state-owned oil company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), and his Brazilian counterpart, Erick Portela of Petrobras, have signed a new contract to explore hydrocarbons in Bolivia’s Cedro area, in the eastern department of Santa Cruz. The deal was preceded by other agreements to increase Bolivian gas exports to Brazil. Bolivia’s foreign minister, David Choquehuanca, is due to meet his Brazilian peer Luiz Alberto Figueiredo next month to discuss bilateral relations, which have yet to recover completely from the spat in September 2013 after Bolivian asylum-seeking politician Senator Roger Pinto was smuggled out of Bolivia by a Brazilian embassy official [WR-13-34]. However, relations could come under further strain amid claims that two hydroelectric dams located in Brazil could bear some responsibility for some of the worst flooding Bolivia has seen in recent years. End of preview - This article contains approximately 761 words.
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