Bolivian president Evo Morales has taken control of foreign energy companies operating in the landlocked country. The deals give the government a majority share of the companies’ revenues, generated by the second-largest natural gas reserves in Latin America, behind Venezuela. According to Morales, this nationalization process, begun in May with the petroleum industry, “will continue [in 2007] with the recovery of other natural resources benefiting the Bolivian people”.
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