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Bolivia: Deadline set for energy nationalization
LA PAZ
Petroleumworld.com, Mar 31, 2008
President Evo Morales, left, has set an April 30 deadline for Bolivian subsidiaries of British Petroleum, Repsol and Ashmore Energy International to return to state control.
The three companies each own former parts of the Bolivian state energy company YPFB that were privatized during the 1990s.
Mr. Morales’s 2006 nationalization of Bolivia’s oil and gas sector requires that those subsidiaries be sold back to the state. Mr. Morales announced the deadline late Wednesday in hopes of completing long-delayed talks over the sales by May 1.
Story from AP
AP March 28, 2008
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