Bolivia nationalizes natural gas industry
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blast_investor Tue May 02, 2006 11:27 pm    

Bolivia nationalizes natural gas industry 
LA PAZ, Bolivia (AP) — President Evo Morales decreed he was nationalizing Bolivia's vast natural gas industry Monday, sending soldiers to occupy gas fields and threatening to evict foreign companies unless they give the Andean nation control over the entire chain of production.

The move fulfills an election promise by the leftist president, who has forged close ties with Cuba's Fidel Castro and Venezuela' Hugo Chavez, to increase state control over Bolivia's natural resources, which he says have been "looted" by foreign companies.


http://www.usatoday.com/money/world/2006-05-01-bolivia_x.htm?csp=34
 
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