Published: Wednesday 15 January 1997

In a recent move, the 59-year-old state-owned oil industry has been privatised with international companies given the responsibility to develop and manage the country's oil reserves. The deal, which was worth us $835 million to the Bolivian government, provides the international partners a 50 per cent stake in ypfb , the state oil and gas company and full management control. The rest 50 per cent, in the form of shares, is being passed on to the Bolivian people.

Enron ( us ) and Shell (Anglo-Dutch) have been vested with the control of the transport unit which will include building a gas pipeline from Bolivia to south-west Brazil.

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