Morales Olivera To Head Up YPFB

Manuel Morales Olivera, an adviser to Bolivia’s president Evo Morales, has been appointed the new head of state-run oil company Yacimientos Petroliferos Fiscales de Bolivia (YPFB). Morales Olivera (no relation to President Morales) replaces Juan Carlos Ortiz who resigned last week citing differences with the government regarding the direction of the oil company. Ortiz was the second president of YPFB to resign since the new government took over.