The Bolivian government and executives from the Brazilian company Petrobras described the talks on Bolivia's acquisition of two Brazilian refineries on its territory as successful, it was reported on Sunday.
A report from the Ministry of Hydrocarbons quoted Petrobras's executive manager for Investments, Raul Adalberto de Campos, who said that both parties will sign a financial agreement soon.
On April 20, Bolivian President Evo Morales said the problem is whether the refineries are bought at the international market price or the patrimonial price.
Morales expects the issue to be resolved during the bilateral talks to buy the Guillermo Elder (Santa Cruz) and Gualberto Villarroel (Cochabamba) refineries, which were acquired by Petrobras in 1999.
According to statistics, the Brazilian company bought the refineries, which have a refining capacity of 60,000 barrels a day, at a total price of 104 million dollars.
Morales hinted at the time that Petrobras was asking for the market price for the two refineries, which is 180 million dollars.
Petrobras's decision to sell has dispelled doubts raised recently by the firm's representative in Bolivia, Jose Fernando de Freitas, who said that the company might seek international arbitrage.
The main obstacle in the negotiations is related to the price of the refineries, he said.
A report from the Ministry of Hydrocarbons quoted Petrobras's executive manager for Investments, Raul Adalberto de Campos, who said that both parties will sign a financial agreement soon.
On April 20, Bolivian President Evo Morales said the problem is whether the refineries are bought at the international market price or the patrimonial price.Morales expects the issue to be resolved during the bilateral talks to buy the Guillermo Elder (Santa Cruz) and Gualberto Villarroel (Cochabamba) refineries, which were acquired by Petrobras in 1999.
According to statistics, the Brazilian company bought the refineries, which have a refining capacity of 60,000 barrels a day, at a total price of 104 million dollars.Morales hinted at the time that Petrobras was asking for the market price for the two refineries, which is 180 million dollars.
Petrobras's decision to sell has dispelled doubts raised recently by the firm's representative in Bolivia, Jose Fernando de Freitas, who said that the company might seek international arbitrage.
The main obstacle in the negotiations is related to the price of the refineries, he said.
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