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Awaiting policy decisions

Bolivia's new government is still trying to work out how to implement its promise to nationalise the gas sector. But, amid growing demand from its neighbours for its gas, a full nationalisation looks neither in the country's interests nor feasible, reports Robert Olson

HAVING ridden to power on a wave of popular anger over the failure of liberalising economic reforms to distribute wealth more evenly, Evo Morales is now tackling the challenges of office. Among the biggest the new Bolivian president faces is implementing his promise to nationalise the country's natural gas sector, where foreign companies, among them Petrobras of neighbouring Brazil, have invested billions of dollars discovering vast gas reserves that, for some time, have been viewed throughout South America as the solution to the region's chronic shortage of energy. For this reason – and because the two biggest investors in Bolivia are Petrobras and Repsol YPF, the dominant supplier in Arge

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