Bolivia's Morales Rules Out Extension For Oil Companies' New Deals

Bolivia's Morales Rules Out Extension For Oil Companies' New Deals

Andean

Bolivian President Evo Morales said any foreign oil company without a new contract by the end of this week would be expelled from the country with YPFB, the state oil company, taking over their operations. Since coming to power Morales has said oil companies must hand over a larger share of their oil income to the government amidst booming oil prices. France's Total and Brazil's Petrobras are among companies operating in Bolivia. Brazilian Mines and Energy Minister Silas Rondeau plans to visit B

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