BP agrees to Bolivian takeover

[Judi Lynn]

BP agrees to Bolivian takeover
Irish Sun
Monday 4th May, 2009

Hundreds of Bolivians showed support during Bolivia's May Day rally to an announcement by President Evo Morales that he had nationalised BP's aviation division.

The state has already taken much of the control of the energy industry in the country.

Morales told the crowd he had signed a decree to take over Air BP, a division of the British oil company.

BP in London said the company had been in talks with the Bolivian government and had agreed a handover of operations.

President Morales has said he intends compensating Air BP for the nationalisation of its Bolivian unit, which supplies jet fuel to 12 airports.

More:
http://story.irishsun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/497395/cs/1/