Bolivian court overturns US$61 million ruling against Petrobras subsidiary

According to Petrobras, the court ruling vindicated it fundamental rights and constitutional guarantees, by overturning the lower court ruling and all ancillary proceedings in the case..

RIO DE JANEIRO, BRAZIL - The Agro-environmental Court of the Bolivian city of Sucre has overturned a lower court ruling that sentenced Petrobras Bolivia (PEB), a subsidiary of Brazil's state-owned oil company, to pay US$61 million in damages for the use of the property where the San Alberto field facilities are located, the oil company said Thursday.

According to a statement from Petrobras, the court ruling indicated evidence of the violation of PEB's . . .

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