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Bolivia Recovers Total Control
of Hydrocarbons
The Bolivian government ratified
on Sunday that foreign oil
companies accepted the
hydrocarbon nationalization
conditions announced last May 1,
after the 180-day term given to
the oil firms for the new
contracts´ signing.
In his speech at the
Communications Palace, in which
the governments in power
privatized the Andean country´s
natural resources ten years ago,
President Evo Morales stated
that the recovering of
hydrocarbons is part of the
change of the neo-liberal model
aimed by his government.
"We should tell social movements
and all Bolivians that the fight
was not in vain. We can say that
the mission was fulfilled",
stressed Morales.
The Bolivian leader ensured the
foreign oil companies that his
government will respect all the
regulations and they will have
juridical security.
In that sense, the president
underlined that the contracts
are transparent and prove that
Bolivian has now partners and
not owners of its natural
resources.
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