Chavez's oil 'revolution' spreads to Bolivia

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Chavez's oil 'revolution' spreads to Bolivia
By Roland Gribben (Filed: 03/05/2006)

Oil companies were reviewing programmes for investment in South America yesterday after the third of the 'three amigos' moved to take control of oil and gas assets.

Evo Morales, the president of Bolivia, sent troops to 'occupy' oil fields after signing a decree authorising state control. He stopped short of outright nationalisation.

He wants foreign oil companies to accept new and more onerous operating terms or to pack up their bags and leave a country that boasts the second-largest gas reserves in the region."