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Bolivia: Agreements Concerning Indemnification for the Nationalization of Bolivian Gulf Oil Properties*

Published online by Cambridge University Press:  18 May 2017

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Abstract

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Type
Treaties and Agreements
Information
International Legal Materials , Volume 10 , Issue 6 , November 1971 , pp. 1113 - 1150
Copyright
Copyright © American Society of International Law 1971

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Footnotes

*

[Reproduced from the texts provided to International Legal Materials by the Gulf Oil Company-Latin America.

[The Bolivian Crude Oil Trust Account Agreement appears at page 1123. The Lenders Trust Agreement appears at page 1130. The letter from the Gulf Oil Corporation to the International Bank for Reconstruction and Development appears at page 1149. Legislation concerning the nationalization of the Bolivian Gulf Oil properties appears at 10 International Legal Materials 173–187 (1971) and at page 1201 of this issue. Documents concerning the agreement between Argentina and Bolivia for the sale of natural gas appear at 10 International Legal Materials 115–126 (1971).]

References

** [The Indemnity Trust Agreement is among the following four parties: Yacimientos Petroliferos Fiscales Bolivianos (the Bolivian State petroleum agency), the First National City Bank (Trustee), the Gulf Oil Corporation, and the Bolivian Gulf Oil Company.]

* [The Bolivian Crude Oil Trust Account Agreement, dated September 23, 1971, is between Yacimientos Petroliferos Fiscales Bolivianos and the First National City Bank.]

* [The Lenders Trust Agreement, dated September 23, 1971, is among Yacimientos Petroliferos Fiscales Bolivianos, the First National City Bank, the Inter-American Development Bank, the International Bank for Reconstruction and Development, the New York State Common Retirement Fund, the Gulf Oil Corporation, and the Banco Central de Bolivia.]

* Payable in U.S. Dollars

* Payable in Netherlands Guilders

* [The letter covers Gulf’s commitments in the event the loans from the IBRD and the IDB prove inadequate to complete the Santa Cruz-Yacuiba gas pipeline system.]