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Article: BOLIVIA: PRESIDENT EVO MORALES NATIONALIZES NATURAL GAS RESOURCES.
- Article from:
- NotiSur - South American Political and Economic Affairs
- Article date:
- May 12, 2006
CopyrightCOPYRIGHT 2006 Latin American Data Base/Latin American Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Bolivian government nationalized its large natural-gas reserves on May 1, fulfilling one of the key campaign promises of President Evo Morales and surprising international investors who had been anticipating a more moderate policy. In Brazil and Spain, where the principal companies invested in Bolivia's gas sector are headquartered, there was considerable alarm regarding Morales' move, but proponents of popular control of natural resources around the world celebrated it.
Morales ordered soldiers to immediately occupy Bolivia's natural-gas fields May 1, International Workers' Day, and threatened to evict foreign companies unless they signed new contracts ...
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