Issues in International Political Economy: Bolivia's Natural Gas Nationalization

May 2006, Number 77

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 Petrobrás, the Brazilian national oil company, and Repsol-YPF of Spain.