Evo Morales Seizes Control of Bolivia's Hydrocarbon Sector
1 report, 1 independent
Updated Sep 24
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What happened
Evo Morales has taken control of the hydrocarbon sector in Bolivia. This action follows a historical pattern of renegotiation that began in 2006, when Morales first took control of the sector and renegotiated contracts with foreign companies. The sector is vital to the economy of Bolivia.
From aol.co.uk
Why it matters
The seizure of the hydrocarbon sector is a major development for Bolivia, a nation whose economy has historically relied heavily on fossil gas. The move impacts the operational mandate and strategic direction of the state oil and gas company, YPFB.
From aol.co.uk
Who's involved
- Evo MoralesIndividual who has taken control of the hydrocarbon sector in Bolivia.
- BoliviaSovereign state whose resource sector is now under the control of Evo Morales.
- YPFBState-owned oil and gas company of Bolivia, operating in the seized sector.
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The entities involved
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Evo Morales
president of Bolivia from 2006 to 2019
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Bolivia
sovereign state in South America
Related events
- Evo Morales maintains a political stronghold in the Cochabamba region and is allied with coca growers in Bolivia.
- Evo Morales is linked to the instability facing Bolivia.
- Bolivia's state oil company YPFB was involved in a new development after Rodrigo Paz signed a decree on August 17th.
- The government of Bolivia intervened in the state oil company YPFB due to persistent fuel shortages.
- Indigenous groups in Pando, Bolivia, are negotiating contracts related to the carbon market.