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Bolivia takes control of gas firm



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The Bolivian government has taken full control of a key gas pipeline company after talks with the foreign firm that held a controlling stake broke down.

President Evo Morales said Transredes had been seized after US company Ashmore Energy International failed to agree to a share buy-back.

Transredes transports Bolivia's natural gas to clients in Brazil and Argentina.

President Morales said Ashmore had agreed to sell some of its 25% share in the firm but that these talks had not led to a deal.

It is the latest move in the Bolivian president's recent effort to nationalize key industries.
merasyad

4 responses // Bolivia takes control of gas firm

  • Viva Bolivia! Viva Morales!
    dearmat23
  • Hear that?
    That sucking sound?

    That is the sound of the Bolivian economy going down the toilet.

    Soon the smart Bolivians in the east will tell Evo and his Populist Government to take a hike.
    anthonyvop
  • Nationalisation of oil and gas? mmm bet you the global elite are just gagging to get in there and spread their democracy just like they did in the 1950's when they toppled mossadeq in the CIA coup
    cubbingabout
  • Kind of like the Coup that Evo stage to take the Presidency.
    anthonyvop

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