RealNews

Bolivia Moves Closer to Nationalization

The Bolivian government pressed ahead with its moves to re-nationalize its energy industry on Monday, ordering foreign financial companies to surrender control over shares they administer for a public pension fund. The move would immediately give the government control over a large, but minority block of shares in three energy companies. The shares are worth an estimated $1.5 billion, according to Andres Soliz, Bolivia’s hydrocarbons minister. Full Story

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