Saturday, January 24, 2009

Bolivia: Bolivia takes control of Chaco oil company

Bolivia's President Evo Morales has announced that his government will take over the operations of the Chaco oil company, as part of efforts to nationalize the country's resources.

Mr. Morales Friday visited Chaco, in which the British company BP is a majority stakeholder. He presented the nationalization move as a gain for the Bolivian people, saying "little by little we are taking back our companies."
Published by Mike Hitchen, Mike Hitchen Consulting
Putting principles before profits