BOLIVIA AND VENEZUELA MOVE FORWARD WITH NATIONALIZATION OF PETROLEUM INDUSTRIES. From: NotiSur - South American Political and EconomicAffairs | Date: May 18, 2007 | COPYRIGHT 2007 Latin American Data Base/Latin American Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

On International Workers Day, May 1, the governments of Bolivia and Venezuela announced that the nationalization of their respective petroleum industries was moving forward or had been completed. In Venezuela's case, the government took over the last of the country's private oil fields on May 1, while Bolivia has been continuing its effort to take control of its large-scale natural-gas reserves and gasoline refineries from foreign companies. Additionally, the government of Venezu...

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