Bolivia to Seize Oil and Gas Reserves, President-Elect Says

Bolivia’s president-elect said his government plans to seize oil and gas reserves owned by international companies, leaving other assets such as pipelines and refineries in the hands of foreign operators.

“The state will exercise its right of ownership, and that means it will decide on the use of those resources,” Evo Morales told reporters yesterday in Pretoria, South Africa, where he is visiting the country’s President Thabo Mbeki. Oil companies “will be partners, not owners,” he said.

The Washington Post