LA market round-up: Morales takes control
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

LA market round-up: Morales takes control

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”.

Gift this article