Bolivia Nationalizes BP Aviation Division

On May 1, Bolivian President Evo Morales took action to nationalize the local unit of BP's aviation division, Air BP. From the May Day speech announcing the decision, Reuters quotes Morales saying, "I want to ask the Bolivian armed forces along with (Bolivian state energy company) YPFB to gain control of Air BP, the multinational that sells jet fuel. With this decree Air BP is now nationalized."

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By Planet Data