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.
Bolivia
Bolivia, Shell reach agreement in nationalization
Morales Takes Step Against Operation Part-Held by Shell
SÃO PAULO, Brazil -- In a bid to regain political footing amid a growing autonomy movement by Bolivia's richest states, Bolivian President Evo Morales ordered the nationalization Monday of a natural-gas pipeline operator half-owned by Royal Dutch Shell PLC and a U.S. investment fund.
Bolivia Seizes Transredes Gas Pipeline From Shell
Shell, Europe's largest oil producer, can't comment on the takeover until it has a chance to review and assess the action, said Eurwen Thomas, a spokesman in London for the company.