Economy

Petrobras confirms that YPFB paid 100% of the fine

Brazil’s state oil company Petrobras confirmed that the Bolivian state oil company (YPFB) has already paid the fine for breaching the gas supply for nine months during the 2018 administration. The company declined to specify the figures, although it is unofficially known that the amount total reaches more than $US133 million. Three analysts consulted: Álvaro Ríos, Bernardo Prado and Hugo del Granado agreed that there are great losses for the State because Bolivia does not have the capacity to comply with the contracts.

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Source: Los Tiempos

Categories:Economy