Bolivia's President - Evo Morales - has signed a decree -
- in a May Day speech, he said -
- the companies had six months to re-negotiate their contracts and urged them to -
"respect the dignity of Bolivians". - to be fair to the people -
Brazil and Spain - have both expressed concern at the move -
The main foreign oil firms operating in Bolivia are Brazil's Petrobras, the Spanish-Argentine company Repsol YPF, British companies British Gas and British Petroleum, France's Total -
The Brazilian government called the moves unfriendly and said their operations in Bolivia were under review -
The Spanish Foreign Ministry expressed its deep concern and said it hoped there would be authentic negotiations and dialogue -
Bolivia has South America's second largest natural gas reserves.
But the country has suffered years of political crises over how to develop and profit from the industry.
Evo Morales - is voted in by the average Bolivian - who has been ill treated to become poor - in the past -
Evo said, the companies had six months to re-negotiate their contracts and urged them to "respect the dignity of Bolivians" - its up to You to judge the fairness of the deal ? - do your own DD -- don't rely only on - the news media - often controlled by the same group? -
Note, the American companies have often always - given 50% to the country they operate in - like they do go - hand in hand - with ex. Saudi Arabia etc. - long term relationship -
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