What are the arguments used by Petrobras against the nationalization of their gas and oil operations in Bolivi

Question

Do you think that they were right?

Answer 1

TGC - good question, pity though that one or two blissfully ignorant people decided to answer.
Firstly to correct one respondent - the question is about Bolivia. So how on earth that person rants about Chavez and Venezuela leaves me scratching my head.
Answering your question, Petrobras (as one of the respondents noted is in itself a state company) obtained the so-called Bolivian gas grab in the days when Bolivia had nothing but horribly corrupt leaders whose agendas were only to enrich themselves and their kind - Bolivians of European decent. Everybody knew that Petrobras hardly paid taxes, royalties nor decent wages in Bolivia and the equally corrupt Brazillian leaders of the day were part of the Bolivian resource grab. But the current Brazillian head clearly knew that it would be an embarrassment and betrayal of his socialist agenda to allow a company owned by his own government to go on raping and pillaging a neighbor.
And for your information it was more like Petrobras nationalizing Bolivian gas than Bolivia nationalizing Petrobras' holdings. What Bolivia has done is something the US clearly does - nobody in America pumps oil nor gas for free. They are taxed and must pay royalties. Yet when Bolivia decides to do the same the world cries out nationalization!
The only reason Kuwaitis and Saudi's are rich is because their governments have managed to collect taxes and royalties for their oil. The US, Britain, Norway, Brunei, Canada collect but the rest of the world is unable to tax the Mobiles, Exxons et al...
Nationalization is the dirty word tax cheating oil and gas grabbers use to dirty the reputation of countries that are saying no more pillaging of our resources by foreign companies. So we can understand why Petrobras had nothing to say in Bolivia.

Answer 2

Well, it's an ironic situation because Petrobras is nationalized to begin with. So the Venezuelan socialists stole the Brazilian socialist's property. There's not much ideology to cover that situation. So much for the solidarity of the international proletariat!
It goes to show you Chavez is more a Peron than a Che.

Answer 3

Look at what happened to Iraq seems argument to be considered.

Think they have right after firm that help them develop oil resources get reasonable return. How they do it is another question. Heard recently of one Mid-east country that has system were you don't pay taxes. The government pays you.

Answer 4

Who cares

Answer 5

Good luck with your school report. Hope your credit your sources.