Approves The Modification To The Operating Contract For The Ipati Area, Signed On October 27, 2006 And Approved By Law No. 3650 Of April 23, 2007.

Original Language Title: Aprueba la modificación al Contrato de Operación para el Área Ipati, suscrito el 27 de octubre de 2006, y aprobado mediante Ley Nº 3650 de 23 de abril de 2007.

Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/153608

Law No. 793 law of 28 March 2016 EVO MORALES AYMA President constitutional of the PLURINATIONAL State of BOLIVIA, whereas, the plurinational Legislative Assembly, has sanctioned the following law the Assembly Legislative PLURINACIONAL, DECREES: article 1. (OBJECT). The present law has by object approve the modification to the contract of operation for the Area Ipati, signed the 27 of October of 2006, and approved by law No. 3650 of 23 of April of 2007.
Article 2. (MODIFICATION). Approves the modification to the operating contract for the Ipati Area, consisting of the assignment by TOTAL E & P Bolivia (Bolivia Branch), of ten percent (10%) of all the rights and obligations of the contract, equivalent to sixteen point seventy-seven per cent (16.67%) the participation of TOTAL E & P Bolivia (Bolivia Branch) within the operation contract in favor of YPFB CHACO S.A., effected by assignment contract of 3 November 2015, signed between YACIMIENTOS PETROLÍFEROS FISCALES BOLIVIANOS? TOTAL E & P Bolivia (Bolivia Branch), TECPETROL DE BOLIVIA S.A., GP exploration and production S.L., YPFB (Bolivia Branch), and YPFB CHACO S.A. submitted to the Executive Body for constitutional purposes.
Two thousand sixteen is given in the room of sessions the Assembly Legislative plurinational, on the tenth day of the month of March of the year.
FDO. José Alberto Gonzales Samaniego, Lilly Gabriela MONTAÑO Viana, Eliana Mercier Herrera, Noemi Nativity Diaz Taborga, Mario Mita Daza, Ana Vidal Velasco.
I therefore enacted it is and meets as a law of the plurinational State of Bolivia.
Government Palace of the city of La Paz, twenty-eight days of the month of March of the year two thousand and sixteen.
FDO. EVO MORALES AYMA, Juan Ramón Quintana Taborga, Luis Alberto Sánchez Fernández.