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Official news agency: Former gas pipeline owners seek compensation from Bolivia

Official news agency: Former gas pipeline owners seek compensation from Bolivia

Bolivia's government news agency says an arbitration request has been filed against the Bolivian government in response to the nationalization of gas pipeline company Transredes.
President Evo Morales nationalized all assets of the pipeline company on Monday. The company was half-owned by Royal Dutch Shell PLC and Ashmore Energy International.
Newly appointed Minister for the Defense of Nationalization Hector Arce told the government news agency in a Saturday article the arbitration request was filed by a holding company for Shell and Ashmore.
He did not say what arbitration body was handling the request. Bolivia has withdrawn from a World Bank tribunal that hears disputes between governments and foreign businesses.


Updated : 2021-08-04 21:57 GMT+08:00