Bolivia Oil And Gas News
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Introduction
- Hydrocarbons are an important element of the economy of Bolivia, one of the poorest and least developed countries in Latin America.
- Though Bolivia exports natural gas to Brazil and Argentina, continued questions about the actual size of its proved natural gas reserves have contributed to skepticism about the country's potential to be a significant fossil fuel producer and regional energy hub.
- Political risk also has characterized the energy sector and foreign involvement in it. Bolivia has asserted greater state control over the energy sector since President Evo Morales and his Movimiento al Socialismo (MAS) party assumed power in January 2006 and issued a nationalization decree in May of that year.
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page revision: 4, last edited: 25 Apr 2012 14:06