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Bolivia agrees new energy deals
29 Oct 2006
source:
bbc.co.uk
Bolivia has agreed energy deals with 10 foreign gas and oil firms, just before a deadline for foreign firms to agree new contracts or leave the country. Brazil's Petrobras and Spain's Repsol were among eight to reach agreement on Saturday, after two deals on Friday. The contracts come after President Evo Morales nationalised the oil and gas industry in May to give the state more control and a larger slice of profits. Bolivia, though poor, is second only to Venezuela in terms of gas reserves. ... |
