• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 2 hours WTI @ 67.50, charts show $62.50 next
  • 11 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 mins Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 54 mins Venezuela set to raise gasoline prices to international levels.
  • 12 hours Mike Shellman's musings on "Cartoon of the Week"
  • 7 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 36 mins The Discount Airline Model Is Coming for Europe’s Railways
  • 16 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 1 hour Pakistan: "Heart" Of Terrorism and Global Threat
  • 22 hours Corporations Are Buying More Renewables Than Ever
  • 11 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 23 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 12 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 13 hours France Will Close All Coal Fired Power Stations By 2021

Breaking News:

SEC Tesla Probe Not New: Report

Alt Text

Maduro Tightens Grip On PDVSA As Production Plunges

Venezuelan President Nicolas Maduro has…

Alt Text

Venezuela Rakes In $735 Million From El Petro Proceeds

Venezuela claims to have generated…

Alt Text

A Long-Term Threat To Colombian Oil

Hours after the ninety-day ceasefire…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

INVESTOR WARNING: Bolivia Nationalizes Airport Management Company

Bottom line: Evo Morales’ expropriation of Servicios de Aeropuertos Bolivianos SA (SABSA)--a subsidiary of the Spanish businesses Abertis and Aena--is another warning for foreign investors in Bolivia. SABSA managed the country’s three largest airports: El Alto in La Paz, Viru-Viru in Santa Cruz, and Wilsterman in Cochabamba. Morales said the Spanish companies had committed to a $26 million investment but had only invested $5.6 million.

Analysis: This was not his first, and will not be Evo Morales’ last nationalization. In early January, the Bolivian army seized the property of four business units belonging to Spain’s largest utility, Iberdrola SA (BE.MC), to nationalize it. This follows the expropriation of Spain’s Repsol (REP.MC) last year. Though Morales’ nationalization of the natural gas industry impacted Petrobras, generally his targets are U.S. or European-owned business. Morales’ nationalization plan also includes telecommunications and water. So far, 15 companies have been nationalized since Morales launched the campaign in 2006. In addition to Repsol, Morales has renegotiated contracts with almost a dozen hydrocarbon companies, including Petrobras, Total and BG.

Recommendation: Any foreign business operating in Bolivia that encounters problems working under the strict mandates of the Bolivian government should have a back-up plan, an exit strategy, and an attorney ready to pursue compensation.

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News