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“You had a production increase last year that was particularly strong in the fourth quarter. Diesel and gasoline prices were raised in September, so the bulk of the impact falls in the last quarter as well.”
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“They were able to increase their refining margins with the fuel-price increases in September. That's the main reason for the huge profit increase.”
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“This is a worse scenario than we had anticipated.”
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“We only expected parts of the oil and gas reserves to go back to the hands of the Bolivian government, but not 100 percent.”
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