Tuesday, December 5, 2006

Bolivian gov’t formally nationalizes gas industry

Yesterday, Bolivia’s government finalized contracts that allow for the nationalization of that country’s gas industry. The Bolivian government will now control gas operations from foreign firms headquartered in countries like Brazil, France, and Spain. Negotiations for gas nationalizing had been going on since May 1st and have received mixed opinions from bloggers and heads of state alike.


Links- ireland.com, BBC News, International Herald Tribune, The Latin Americanist (blog)

Image- The Economist (Bolivian president Evo Morales visiting a gas plant earlier this year)

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1 comment:

Anonymous said...

Yup, another government confiscation of private wealth. In the long term Evo just screwed his own nation, as no new private industry will risk expanding operations into Bolivia while there is a treat of theft-by-bureaucrat. No wonder the people of Santa Cruz want to secede.

8:42 AM

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