The government has amended Article 93 of the Regulation of Transportation of Hydrocarbons through Pipelines. New tariffs have been established by calculating the minimum return for every type of pipeline in the country.
The Commerce Registry must offer the administration of its main functions to a private entity by way of public bidding in a concession process. However, the registry will maintain the right to impose sanctions upon any person or entity that engages in commercial activities without registration.
The Law of the System of Sectorial Regulation governs mergers between companies in industries such as hydrocarbons, telecommunications, electricity and transportation. The relevant industries must consult the appropriate sectorial superintendency before any merger agreement.
Bolivia now has an exclusive wholesale dealer for the marketing of gasoline and diesel oil produced in the country. Purchase/sale contracts will be entered into so that the internal market can be supplied with these products.
The procedure for obtaining a concession for the construction and operation of pipelines, stations and plants for the transportation of hydrocarbons is regulated by the Hudrocarbons Superintendency. Generally, transportation is regulated by the principle of free access so that everyone has the right to access contract transportation services.
This update discusses partially government-owned entities, which are considered to be entities organized under private law. Their formation, incorporation and directorship are reviewed.
The government has implemented a decree to reduce the domestic price of oil following public dissatisfaction with high prices.
The Commerce Registry regulates and guarantees the exercise of commerce under the supervision of the Ministry of Economic Development.
Including: Corporations; Limited Liability Company
Including: Exploration, Exploitation and Commercialization; Hydrocarbon Transportation and Natural Gas Distribution; Refining and Industrialization; Mandatory Easements