Bolivia Moves to Take Control of Oil Wells After Vote

The proposal also would increase taxes and royalties on production to as much as 50 percent, up from 38 percent, at Bolivia’s four largest oil fields.

It also would revive the state oil company Yacimientos Petroliferos Fiscales Bolivianos, or YPFB, to manage production with oil companies in Bolivia, which include Repsol, London-based BP Plc, Reading, England-based BG Group Plc and Paris-based Total SA.

Bloomberg