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Evo Morales Moves to Nationalize Bolivia’s Gas Fields

HeadlineMay 02, 2006

In Bolivia, President Evo Morales marked May Day by announcing the nationalization of the country’s natural gas fields and refineries. Morales accused foreign companies of looting Bolivia’s natural resources. “The Bolivian people’s vote was not in vain,” Morales said. “The time has come, the awaited day, a historic day in which Bolivia retakes absolute control of our natural resources.” Bolivian President Evo Morales threatened to evict any foreign company in six months if it does not renegotiate its contract and hand over control of production to the government.

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