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  HOME | Bolivia

Repsol to answer oil smuggling claim
LA PAZ (AP) – A local subsidiary of the Spanish-Argentine energy company Repsol YPF SA promised on Tuesday to cooperate with a Bolivian investigation into allegations it illegally exported more than U.S.$9.2 million (euro 7.9 million) in oil.

Andina S.A. issued a statement that its top executives, General Manager Julio Gavito and Operations Manager Pedro Sánchez, would meet a Mar. 9 deadline to appear before prosecutors.
The company also said both executives asked last week for an extension to a deadline to appear before prosecutors, arguing that there were “legitimate obstacles” to them appearing in the central city of Santa Cruz.
Authorities issued a warrant on Friday for the arrest of Gavito, a Spanish native – though the warrant was later canceled, local media reported. The prosecutor’s office was not immediately available for comment on Tuesday, a holiday in Bolivia.
Since December, authorities have been investigating charges that Andina exported some 230,000 barrels of oil to Argentina and Chile without legal authorization between 2004 and 2005.
The company has repeatedly denied the charges and insisted in the statement that “the oil exports were made in a legal manner and with the legal permits issued by the competent authority through ministerial decisions.”
 

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