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Bolvia Seizes Oil and Gas

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In a move stirring controversy throughout the region, Evo Morales has brought Bolivia’s energy production under state control. Yesterday, he gave foreign companies a six month ultimatum: renegotiate their contracts with the government or leave the country, and sent the military to occupy oil and gas fields throughout Bolivia. Bolivia has South America’s second largest gas fields after Venezuela.

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admin @ April 27, 2008

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