Saturday, May 2, 2009

Morales nationalises BP subsidiary


Morales nationalises BP subsidiary
02-05-2009

President Evo Morales of Bolivia has announced the take-over of a subsidiary of the British oil company, BP, as part of his continuing nationalisation campaign.

He told cheering May Day crowds in the capital, La Paz, that he had ordered the armed forces and the state oil company to take control of the aviation fuel supplier, AirBP.