Law 245

Original Language Title: Ley 245

Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/139899

Law No. 245 Act on June 1, 2012 EVO MORALES AYMA President constitutional of the PLURINATIONAL State of BOLIVIA, by how much, the plurinational Legislative Assembly, has sanctioned the following law: the PLURINATIONAL Legislative Assembly, D E C R E T A: article 1. OIL SERVICES CONTRACT (AUTHORIZATION). Of conformity with it established by the paragraph II of the article 362 of the Constitution political of the State, is authorized to deposits oil tax Bolivian? YPFB sign the contract of services tankers for the exploration and exploitation of AREAS reserved to FAVOR of YPFB, corresponding to the SANANDITA AREA, located in the Department of Tarija with the company EASTERN PETROLEUM & GAS S.A. Article 2. (AUTHORIZATION ASSIGNMENT AGREEMENT). Once issued the Declaration and approval of the commerciality of one or several fields within the Area of the designated contract in the previous article, is granted to YPFB and the holder of the period of exploration, the signing of the contract of assignment set out in annex? G? from Giuliani, in favour of the mixed economy company? S.a.m. formed between YPFB and the holder, for trade declared fields.
Refer to the Executive Branch, for constitutional purposes.
Two thousand twelve is given in the room of sessions the Assembly Legislative plurinational, on the fifteenth day of the month of may of the year.
FDO. Lilly Gabriela MONTAÑO Viana, Rebeca Elvira Delgado Burgoa, Mary Medina Zabaleta, David Sánchez Heredia, Luis Alfaro Arias, Angel David Cortez Villegas.
I therefore enacted it is and meets as a law of the plurinational State of Bolivia.
Government Palace of the city of La Paz, on the first day of the month of June of two thousand twelve years.
FDO. EVO MORALES AYMA, Juan Ramón Quintana Taborga, Juan José Hernando Sosa Soruco.