{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='WRAP President signs into law contracts nationalizing natural gas' data-url='/boclips/videos/5c54ba6cd8eafeecae11d676' data-video-url='/boclips/videos/5c54ba6cd8eafeecae11d676' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nWRAP President signs into law contracts nationalizing natural gas\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Pan of people invited to signing ceremony2. Wide shot of Bolivian President Evo Morales entering presidential palace3. Mid shot of oil worker4. Wide shot of Evo Morales walking towards the podium for speech5. SOUNDBITE (Spanish) Evo...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Pan of people invited to signing ceremony\u003cbr/\u003e2. Wide shot of Bolivian President Evo Morales entering presidential palace\u003cbr/\u003e3. Mid shot of oil worker\u003cbr/\u003e4. Wide shot of Evo Morales walking towards the podium for speech\u003cbr/\u003e5. SOUNDBITE (Spanish) Evo Morales, President of Bolivia:\u003cbr/\u003e\"Here in this contract that is now being ratified lies the faith of the state. Never before have the Bolivian people had any knowledge of these contracts. Never before has a contract been ratified by the national congress.\"\u003cbr/\u003e6. Cutaway of camera\u003cbr/\u003e7. Mid shot of Evo Morales signing the contracts\u003cbr/\u003e8. SOUNDBITE (Spanish) Evo Morales, President of Bolivia:\u003cbr/\u003e\"These contracts are legal, made constitutional. It is not as it was before when the contracts were, as we say in the people's language 'chutos' (meaning fake). This time is over in Bolivia.\"\u003cbr/\u003e9. Wide shot with a pan of Evo Morales greeting president of the congress, Juan Ramon Quintana, and Alvaro Garia Linera, Vice President of Bolivia\u003cbr/\u003eBolivian President Evo Morales signed into law on Sunday contracts giving the government control over foreign energy companies' operations, completing a process begun on May 1 with the nationalisation of Bolivia's petroleum industry.\u003cbr/\u003eThe deals, signed by the companies last month, also grant Morales' government a majority share of the foreign companies' revenues generated in Bolivia. \u003cbr/\u003eCompanies that signed contracts include Brazilian state energy giant Petroleo Brasileiro SA (Petrobras), Spanish-Argentine Repsol YPF, France's Total SA, and British Gas, a unit of BG Group PLC.\u003cbr/\u003eMorales also announced that Royal Dutch Shell PLC had agreed to transfer to his government majority control of its Bolivian subsidiary Transredes, which operates the country's largest network of gas pipelines.\u003cbr/\u003e\"Never before have the Bolivian people had any knowledge of these contracts. Never before has a contract been ratified by the national congress,\" Morales said in a signing ceremony at the presidential palace in the capital, La Paz.\u003cbr/\u003eBolivia's natural gas reserves are South America's largest after Venezuela's.\u003cbr/\u003eMorales has said he also plans to nationalise Bolivia's mining sector.\u003cbr/\u003eBolivia's first president of indigenous stock, Morales has vowed to reverse centuries of dominance by the country's European-descended minority, by granting greater political and economic power to the poor indigenous majority.\u003cbr/\u003eThe contracts signed by the president on Sunday were ratified by Bolivia's Senate in a hastily called session on Tuesday night, during which lawmakers from Morales' Movement Toward Socialism party also pushed through a sweeping land-reform bill and an open-ended military cooperation pact with Venezuelan President Hugo Chavez.\u003cbr/\u003eThe session ended a boycott by conservative lawmakers who intended to block Morales' reforms. But opposition leaders have questioned the legality of the session, in which assistants of two absent senators were called in to vote.\u003cbr/\u003eCompletion of oil and natural gas nationalisation has given Morales a sizable political boost. 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