Bolivia Sacks YPFB President

Bolivia Sacks YPFB President


Bolivia's president, Evo Morales, has finally sacked the head of state-owned oil company YPFB, Jorge Alvarado, following growing pressure to remove him from his post after allegations of fraud. However, Morales insisted that charges of corruption against Alvarado would prove unfounded. Alvarado has been replaced by Juan Carlos Ortiz, the company's vice-president for administration and corporate governance. Morales also replaced the superintendent of oil and gas, Victor Hugo Sainz, who brought th

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