YPFB definition
Examples of YPFB in a sentence
All of the Company's oil and gas production from its Bolivian properties is sold to Yacimientos Petroliferos Fiscales Bolivianos ("YPFB"), Bolivia's state-owned oil company.
Each of the parties hereto shall from time to time execute and deliver all such further documents and instruments and do all acts and things as the other party may, either before or after Closing, reasonably require to effectively obtain the approval of the government of Bolivia or YPFB and to carry out or perfect the full intent and meaning of this Agreement.
Cause YPFB to furnish to by November 30, 1987 the Association for its and annually there- review and comment, a after through Project detailed investment plan completion for YPFB for the following year, describing specific activities to be carried out and the financing plan for production, ex- ploration, refining, transport, marketing and administration.
On or before the Closing Date, following the satisfaction in full of Seller's obligation contemplated under Section 2.2, Seller (a) shall have the right to cause the Company to pay to Seller or Seller's designee an amount equal to Seller's good faith estimate of all cash and cash equivalents of the Company not held for the account of YPFB or any third party joint interest owner as of the Closing Date, and (b) shall assign or otherwise transfer all Excluded Assets to Seller or Seller's designee.
The Central Bank shall enter into a separate Financing Agreement with YPFB and ENFE, and a separate SNC Grant Agreement with SNC for purposes of carrying out Parts A, B and C of the Project, respectively, that shall provide the terms and conditions for, and procedures to be followed in, carrying out the respective import plan of such Public Enterprise and SNC.
Seller agrees to cooperate with Buyer before the Closing Date, and for 120 days thereafter, in arranging meetings between Buyer and YPFB, Bolivian governmental bodies, and any Persons which purchase hydrocarbons from the Contract Interests, in each case as Buyer shall reasonably request concerning the transactions contemplated by this Agreement, however, any additional travel or other out of pocket costs incurred by Seller in connection therewith following the Closing shall be borne by Buyer.
Said date will constitute the beginning of the study and will be defined between YPFB and the COMPANY.
The transfer of interest from Zapa▇▇ ▇▇ Tesoro in the contracts covering Block XVIII and Block XX is subject to the approval of the government of Bolivia, the tax authority of Bolivia and YPFB, and the recording of the Assignment as a public deed in Bolivia.
Tesoro shall provide Zapa▇▇ ▇▇▇h notice of the date of the YPFB approval of the Assignment and of the Recording Date.
The Borrower shall cause YPFB to carry out the plan of action agreed to by the Borrower, the Association and YPFB to improve the accounting, budgeting, financial control and management information systems of YPFB, in accordance with the agreed timetable for implementation of such plan.