Royal Dutch Shell Plc  .com Rotating Header Image

Bolivia, Shell reach agreement in nationalization

The Associated Press

Bolivia, Shell reach agreement in nationalization

LA PAZ, Bolivia (AP) — Bolivia has reached an agreement in principle to purchase the local operations of energy company Royal Dutch Shell PLC as part of President Evo Morales’ nationalization push.

Financial terms have not been released. But Hydrocarbons Minister Carlos Villegas said the two sides signed a “friendly” agreement Friday.

Shell’s local representative, Jose Maria Linardi, said a final deal will be signed in two weeks.

Morales nationalized Bolivia’s energy industry in 2006, and negotiations have been going on ever since with various private companies.

Shell and Ashmore Energy control a majority share in Transredes, which administers natural gas pipelines and transport in Bolivia. Ashmore has not reached a deal with the government.

Copyright © 2008 The Associated Press. All rights reserved.

http://ap.google.com/article/ALeqM5gu6IwfAGe2MUsfNteZSleqcihOGwD92EH3EG0

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.