May 1, the governments of Bolivia and Venezuela announced that the nationalization of their respective petroleum industries was moving forward or had been completed. In Venezuela's case, the government took over the last of the country's private oil fields on May 1, while Bolivia has been continuing its effort to take control of its large-scale natural-gas reserves and gasoline refineries from foreign companies.
NotiCen. "Bolivia And Venezuela Move Forward With Nationalization Of Petroleum Industries." (2007). https://digitalrepository.unm.edu/la_energy_notien/11