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Gas in Bolivia

The popular demand for public control of the nation’s gas and oil resources has been a long-standing one in Bolivia, and has been at the forefront of national politics for three years. In July 2004 more than 90% of the voters in a national referendum supported a measure to recover control of Bolivia’s gas and oil reserves. Nationalization was also a central pledge by President Evo Morales during the 2005 elections. On May 1, 2006 Morales, issued an executive decree declaring the “nationalization” of Bolivia’s oil and gas reserves.