LA PAZ, Aug 21 (Reuters) - Argentina-based Pan AmericanEnergy has agreed to accept less than 30 percent of the $1.49billion it demanded from Bolivia as compensation for the 2009nationalization of a subsidiary, the Andean nation's stateattorney general said on Thursday.
Bolivia's government seized control of natural gas producerChaco from Pan American in January 2009 after talks over a sharetransfer broke down.
Chaco is currently a unit of Bolivian state-owned firm YPFB.Before it was expropriated, YPFB held 49 percent of the firm.
"After a long process of negotiations with the company,finally on Tuesday, Aug. 19 we reached a definitive agreement,"Attorney General Hector Arce said.
Pan American Energy is controlled by BP Plc, whileArgentina's Bridas Holdings, which counts state-run Chinese oilfirm oil firm CNOOC as an investor, holds a minoritystake. (Reporting by Daniel Ramos,; Writing by Sarah Marsh; Editing byPaul Simao)
BP (BP.)