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Article: More nationalizations in Bolivia as some provinces rebel.
- Article from:
- International Petroleum Finance
- Article date:
- June 1, 2008
CopyrightCOPYRIGHT 2008 Energy Intelligence Group. 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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Latin America's wave of resource nationalism rolled on in May and early June as the Bolivian government took majority control of four of the country's remaining privately owned oil sector companies. Meanwhile, the country's wealthier, hydrocarbon-rich provinces expressed their mounting discontent with Bolivia's central government, holding polls calling for greater autonomy from La Paz.
Although the state's takeover of two producers and two distribution companies marked another stage in leftist President Evo Morales' two-year resource nationalism drive, by no means all Bolivians supported the move. A few days after the nationalizations were announced, the voters ...
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