law no 129
2011 JUNE 2 LAW
EVO MORALES AYMA
CONSTITUTIONAL PRESIDENT OF THE PLURINATIONAL STATE OF BOLIVIA
For the Legislative Assembly Plurinational, has sanctioned the following Law:
THE PLURINATIONAL LEGISLATIVE ASSEMBLY,
D E C R E T A:
Article 1. (CONTRACT AUTHORISATION FOR OIL SERVICES). According to
established by Paragraph II of Article 362 of the Constitution of the State, is authorized to Yacimientos Petrolíferos Fiscales Bolivianos? YPFB, TO SUBSCRIBE THE CONTRACT OF PETROLEUM SERVICES FOR THE EXPLORATION AND EXPLOITATION OF RESERVED AREAS IN FAVOR OF YPFB, CORRESPONDING TO THE AREA? ALMENDRO?, located in the Department of Santa Cruz with the Company GAS TO LIQUID INTERNATIONAL S.A.? GTLI.
Article 2. (LEASE AUTHORIZATION AUTHORITY). Once the declaratory and approval of the
merchantability of one or more fields within the Area of the Contract noted in the previous Article is issued, YPFB and the Holder of the Exploration Period, the subscription of the Contract of Assignment set out in the Annex? G? of this Agreement, in favor of the Society of Mixed Economy, YPFB-GTLI S.A.M. for the Commercial Fields declared.
Article 3. (SOCIETY OF MIXED ECONOMY YPFB-GTLI S.A.M.)
I. The YPFB-GTLI S.A.M. Society is a mixed economy company formed in the legal framework of the Code of
Trade, which for the development of its activities must conform to the current legal regulations.
II YPFB-GTLI S.A.M., will be governed by the Commercial Code and will be subject to the provisions of Article 5 of the
Law No. 1178 of 20 July 1990 on Government Administration and Control, having the duty to inform public entities competent for the destination, form and result of the management of the resources provided by the State to the entity and present audited financial statements.
Remit to the Executive Body, for constitutional purposes.
It is given in the Session Room of the Plurinational Legislative Assembly, at the eighteen days of May of the
year two thousand eleven.
Fdo. René Óscar Martínez Callahuanca, Flora Aguilar Fernández, Zonia Guardia Melgar, Carmen García M.,
Esteban Ramírez Torrico, Ángel David Cortés Villegas.
Therefore, it is enacted to be and comply with the Law of the Plurinational State.
Palace of Government of the city of La Paz, two days in June of two thousand eleven years.
FDO. EVO MORALES AYMA, Oscar Coca Antezana, E. Viviana Caro Hinojosa, José Luis Gutiérrez Pérez.