The deal falls short of the $1.49 billion first demanded by Pan American in 2010. Bolivia seized control of natural gas producer Chaco from Pan American after talks over a share transfer broke down.
"Today an agreement was signed for $357 million, including a cash payment of $324 million, which means we are only paying 21 percent of the amount sought by Pan American Energy," said the Andean nation's attorney general, Hector Arce.
Pan
