Bolivia: Morales signs into law contracts nationalizing natural gas

President Evo Morales signed into law Sunday contracts giving the government control over foreign energy companies’ operations, completing a process begun May 1 with the nationalization of Bolivia’s petroleum industry.

The deals, signed by the companies last month, also grant Morales’ government a majority share of the foreign companies’ revenues generated in Bolivia. Companies that signed contracts include Brazilian state energy giant Petrobras, Spanish-Argentine Repsol YPF, France’s Total SA, and British Gas, a unit of BG Group PLC.
International Herald Tribune