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Issues in International Political Economy - Bolivia's Natural Gas Nationalization - May 2006, Number 77

Author:

Sidney Weintraub

Date of Publication:

May 15, 2006

Associated Programs:

Simon Chair in Political Economy

Related Research Focus:

Trade & Economics

Experts :

Sidney Weintraub

Synopsis:

The Bolivian government, led by President Evo Morales, nationalized the country’s independent natural gas companies on May 1 in a most dramatic fashion. Troops were sent in to take control of at least 56 fields, and Morales showed up at the large San Alberto field in southern Bolivia operated by PetrobrĂ¡s, the Brazilian national oil company, and Repsol-YPF of Spain.
   
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