Senate Delays Approval of Laws Amending Contracts

Bolivia's senate again has delayed the approval of the three remaining bills that aim to rectify flaws in various contracts signed with foreign hydrocarbons companies, government news agency ABI reported.

The senate approved 41 of the 44 bills on March 30 and was expected to pass the remaining three this week.

However, the Podemos party is insisting on more debate over 37 that have been approved as it wishes to annul an opening paragraph in each of them.

"Senator Santos Ramirez has asked for more time to consult the executive [branch] over this so we hope we'll be able to make a decision and conclude this process next Tuesday," senator Oscar Ortiz said in the report.

The contracts were signed under President Evo Morales' nationalization program.

Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.