Trading Attorney in Brazil

I wish it were more clear. I am trying to get down there to talk to the
commercial people about the business direction and support we can provide but
until then I don't know that we should get their hopes up. I had hoped to
come this week but Randy is here in Houston. Maybe second half of next
week? Do you know if everyone will be in those days? (I was thinking Sao
Paolo Wed/Thurs and B.A. Thurs/Fri).

Brent Hendry@ENRON_DEVELOPMENT
02/14/2000 10:53 AM
To: Mark Taylor@ECT
cc:
Subject: Re:

Here is my proposed response. Let me know if you want to mention the last
item or not. Thanks.

Mike, I agree on having the trading attorneys continue to work on
transactional work in Bolivia. I also agree with Fede that to the extent a
supply contract or off-take agreement is part of an overall financing
agreement that the work ought to remain with the attorney in charge if
overseeing the all the documentation for the project. As always though we
would be available to review provisions or answer any questions regarding
Enron's position on trading issues. Additionally, it may be possible that in
the future a trading attorney in Brazil may be available to handle Bolivian
issues as well.
Brent

---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
14/02/2000 01:44 PM ---------------------------

Enron International

From: Federico Cerisoli 11/02/2000 07:23 PM

To: Michael Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sami
Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re:

I agree. One little comment. Though the transactional legal work should
remain in Argentina, as an exemption, I would suggest to use Brazilian
resources for "project financeable" gas supply agreements.
Fede

Michael Guerriero

02/10/2000 05:50 PM

To: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sami
Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Federico
Cerisoli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject:

I like to convey my thoughts regarding Bolivia legal responsibilities in
light of the recent adjustments in commercial responsibility for Bolivia gas
supply. As of today we have moved all responsibility for Bolivian natural gas
supply and projects into the wholesale group under Fede. We have also moved
Gaby over to support the effort.

In light of the need for my group to focus on making the Argentine commercial
markets a success and the wholesale groups need to support the projects I
would like to propose that all Bolivian project related legal work go to John
Novak's group and all transactional Bolivian legal work (sales and
purchases) remain in Argentina.

I believe this division of responsibilities leverages off everyone expertise
and eliminates the bottle necks we are having in Argentina regarding the
project work. It will also allow the Bolivian commercial people to be
supported best with their respective local legal talent.

Please let me know your thoughts.

MFG