Energy-Rich Nations Are Raising Price of Foreign Admittance
LA PAZ, Bolivia – For centuries, this country made it easy for prospectors to mine – from the Spaniards who plundered gold to the tin barons of the 19th century to the multinational energy companies that flocked here in the 1990’s to develop Latin America’s second-largest natural gas deposits. B like many energy-producing countries these days, Bolivia has pulled back the welcome mat. With an angry population demanding a larger share of the benefits, and some groups even calling for expropriation, the government recently raised royalties and taxes to among the highest levels in Latin America.
July 6, 2005
China’s Oil Diplomacy in Latin America
Latin America is becoming a rich destination for China in its global quest for energy, with the Chinese quickly signing accords with Venezuela, investing in largely untapped markets like Peru and exploring possibilities in Bolivia and Colombia, and especially Venezuela.
February 28, 2005