{"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='Latest on nationalisation of gas and oil' data-url='/boclips/videos/5c54c302d8eafeecae15e0a7' data-video-url='/boclips/videos/5c54c302d8eafeecae15e0a7' 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\nLatest on nationalisation of gas and oil\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. Panoramic shot of La Paz city with mountains in the background2. View of La Paz 3. Exterior of Senkata gas refinery 4. Various of trucks driving into company to fill up gas pipes 5. Various of armed soldiers standing guard while...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Panoramic shot of La Paz city with mountains in the background\u003cbr/\u003e2. View of La Paz \u003cbr/\u003e3. Exterior of Senkata gas refinery \u003cbr/\u003e4. Various of trucks driving into company to fill up gas pipes \u003cbr/\u003e5. Various of armed soldiers standing guard while trucks drive into gas installation to fill up pipes \u003cbr/\u003e6. SOUNDBITE (Spanish): Santos Colque, Worker:\u003cbr/\u003e\"All I could say is that it was a surprise for the first of May (Labour day in Bolivia). The nationalisation of bio-products is a good present for the Bolivian workers. I congratulate Mr. Evo Morales because it is the best present for the workers and the Bolivian people.\"\u003cbr/\u003e7. People working at the gas refinery \u003cbr/\u003e8. Pan right over soldiers guarding exit of gas refinery \u003cbr/\u003e9. Mid of soldier standing guard at the exit\u003cbr/\u003e10. Pan across Murillo''s plaza with pedestrians \u003cbr/\u003e11. Ice cream vendor walking past \u003cbr/\u003e12. Woman browsing through newspapers at news agent stand \u003cbr/\u003e13. SOUNDBITE (Spanish): Filomena Suarez, Resident:\u003cbr/\u003e\"The president has done a good thing. I think we are going to get everything back and there are going to be more jobs and the situation won''t be as miserable as it currently is in Bolivia.\"\u003cbr/\u003e14. Exterior of Entre Rios refinery with soldiers standing guard \u003cbr/\u003e15. Mid shot of soldiers guarding the gas refinery\u003cbr/\u003eSome residents of La Paz on Thursday appeared to welcome the recent announcement of the naturalisation of Bolivia''s gas industry, even as President Evo Morales and three of his South American counterparts called a hasty summit in Argentina to avert a regional crisis over the move.\u003cbr/\u003eOn May 1st, Bolivia''s labour day, Morales had announced that he had nationalised the country''s natural gas reserves and would reduce foreign participants to minority players - giving the companies six months to sign contracts or leave Bolivia.\u003cbr/\u003eAccording to Bolivia''s Hydrocarbons ministry, foreign companies now face audits over their Bolivian operations by authorities ahead of the contract negotiations.\u003cbr/\u003eMorales has long claimed that Bolivia''s natural gas resources have been \"looted\" by multi-national companies.\u003cbr/\u003eWorker Santos Colque in La Paz said the nationalisation was a \"good present for the Bolivian workers.\"\u003cbr/\u003eLa Paz resident Filomena Suarez also agreed naturalisation was a good move.\u003cbr/\u003e\"The president has done a good thing. I think we are going to get everything back and there are going to be more jobs and the situation won''t be as miserable as it currently is in Bolivia,\" she said.\u003cbr/\u003eWhile Morales wants Bolivia''s cash-strapped state-owned Yacimientos Petroliferos Fiscales Bolivianos (YPFB) petroleum company to dominate gas production as part of the nationalisation plan, the company has functioned as little more than a bureaucracy for a decade since the Bolivia''s gas industry was privatised. \u003cbr/\u003eExperts say it would take a huge infusion of cash to transform the company into a capable operation.\u003cbr/\u003eBolivia wants the company to oversee all aspects of gas production, refining and sales - but it''s not clear how it can come up with the money and expertise it needs to wrest control of the industry from the foreign companies now managing it.\u003cbr/\u003eMorales, a populist who won a landslide victory in December, has long vowed to take back control of Bolivia''s natural resources.\u003cbr/\u003eWhile Bolivia has vast mineral and forestry wealth, the country''s most valuable asset is its natural gas reserves - the continent''s second-largest after Venezuela.\u003cbr/\u003eUnder Monday''s decree, foreign companies must sell a majority stake of their participation to YPFB. \u003cbr/\u003eYet it remains unclear how Bolivia will come up with the several billion dollars needed for that deal.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' 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