Morales Nationalizes Natural Gas Industry

LA PAZ, Bolivia – President Evo Morales nationalized Bolivia’s natural gas industry Monday, ordering foreign energy companies to send their supplies to a state company for sales and industrialization.

Speaking at the southern San Alberto gas and oil field, Morales warned that companies who rejected the decree would have to leave Bolivia.

The main oil companies operating in Bolivia are Brazil’s Petrobras, the Spanish-Argentine company Repsol YPF, British companies British Gas and British Petroleum, and France’s Total.

AP