Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

ENCORE!

Haute Couture: the hand-stitched clothing made in Paris that sells for the price of small yachts

Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Netanyahu resists international pressure to stop air strikes on Gaza

    Read more

  • Magnitude 6.8 quake, small tsunami hit east Japan

    Read more

  • The third-place playoff: the World Cup game no one wants to play

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

  • Kurdish forces take over two oilfields in northern Iraq

    Read more

  • Are French high school students getting smarter?

    Read more

  • Italy’s Trentin wins seventh stage of Tour de France

    Read more

  • Disgraced Suarez leaves Liverpool for Barcelona

    Read more

  • In pictures: Chanel, Dior and so much more at the Paris couture shows

    Read more

  • French ‘Civic Service’ eyes massive expansion amid huge demand

    Read more

  • In Pictures: Petrol station hit by Hamas rockets

    Read more

  • Manhunt as FIFA partner flees Rio hotel to avoid arrest

    Read more

  • Video: Palestinians fear full Israeli military offensive in Gaza

    Read more

Americas Americas

Morales nationalises BP aviation unit

©

Latest update : 2009-05-01

Bolivian President Evo Morales marked May Day on Friday by nationalising the Bolivian subsidiary of British aviation fuel supplier AirBP, in a decree before a crowd in La Paz. Morales has nationalised oil and telecoms companies during his tenure.

AFP - Bolivian President Evo Morales nationalized the Bolivian subsidiary of British aviation fuel supplier AirBP in a decree made public Friday before a massive crowd to mark May Day.
  
"By this decree, AirBP is nationalized by the Bolivian state," Morales said as he signed the decree into law, amid cheers from workers who congregated at Plaza de Armas de La Paz, the headquarters of the executive branch.
  
Morales ordered the military and state oil company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) to take over AirBP, which owns 12 jet fuel service stations at airports in La Paz, Santa Cruz, Cochabamba, Tarija, Beni and Pando.
  
The British company, which is headquartered in Santa Cruz, 900 kilometers (559 miles) east of the capital, did not provide an initial reaction and its offices were closed due to the national holiday.
  
During his three years in office thus far, Morales has nationalized oil and telecommunications companies, also on May 1, for which he said he would negotiate a payment.
  
In Friday's decree, the president also ordered workers' benefits, including mandatory severance pay after 90 months (before five years) of continuous work to cover social security coverage for temporary employees.

Date created : 2009-05-01

Comments

COMMENT(S)