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BOLIVIAN HIDROCARBONS NATIONALIZATION


Héctor Mediavilla

THE BOLIVIAN HIDROCARBONS NATIONALIZATION Probably the most controversial decission of the MAS (Movement Towards Socialism) government of Evo Morales for international investors is the so-called nationalization of hidrocarbons. The supreme decree 28.701 establishes the gas multinationals benefits of18 % so that there will be more resources for the country development. Despite having the second largest gas reserves of Latin America after Venezuela, the Bolivian population often suffers shortages of fuel, gas and kerosene at petrol stations. They also do not get gas distributed in their homes. The inhabitans of most of the territories where gas is extracted do not get fair compensations and many of them live in the limits of poverty. Thus, it is now very important to correctly decide how to distribute the restored wealth to the country among the population and their institutions.



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