Weekly Report - 21 August 2014 (WR-14-33)

BOLIVIA | YPFB signs accords with Petrobras. Bolivia’s state-owned oil firm, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), and its Brazilian counterpart, Petrobras, have signed a series of agreements ending their dispute over outstanding natural gas payments and paving the way for their continued commercial association. Petrobras agreed to pay off part of its outstanding debt to YPFB for gas deliveries by compensating the firm with US$457.7m. Meanwhile, YPFB agreed to pay fines levied on it by Petrobras for gas supply interruptions that took place between 2001 and 2012.

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