South America - Policy Bolivia announces nationalization of four energy companies

摘要

On May 1, the second anniversary of Bolivia 's nationalization of its energy sector, President Evo Morales announced that state-owned energy group YPFB had acquired a 51% majority in energy companies Repsol, BP, transporter Transredes, and 100% of CLHB , an oil storage company. The cost of the nationalization was $43.1 million, and will significantly increase the government's income from Bolivia 's large gas reserves.