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May 27, 2006

News on Bolivia and Chavez

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Chavez has pledged $1.5 billion investment in Bolivia's hydrocarbons. He and Morales signed agreements in Morales' base region, Chapare, Cochabamba. Here are the reports:

Chavez spreads his oil wealth in Bolivia
Reuters via Yahoo! News Fri, 26 May 2006 7:53 PM PDT
Venezuelan President Hugo Chavez pledged $1.5 billion in energy investments in impoverished Bolivia on Friday, receiving a hero's welcome from coca farmers who applauded his anti-U.S. message.

Venezuela aids Bolivia gas nationalization
AP via Yahoo! News Fri, 26 May 2006 12:59 PM PDT
Oil-rich Venezuela's increasing influence in Bolivia will be sealed with a penstroke Friday when presidents Hugo Chavez and Evo Morales sign another set of accords, this time to secure Venezuela's role in Bolivia's recently nationalized energy industry.

Chavez visits Bolivia coca heartland to sign deals
Reuters via Yahoo! News Fri, 26 May 2006 10:10 AM PDT
Venezuela's Hugo Chavez, in a move likely to affirm his role as Washington's No. 1 Latin American antagonist, flew into a U.S.-funded military base in Bolivia's cocaine-producing heartland on Friday to sign investment deals with fellow leftist president, Evo Morales.

Venezuela expands economic role in Bolivia
CNN.com Fri, 26 May 2006 8:42 AM PDT
LA PAZ, Bolivia (AP) -- Venezuelan President Hugo Chavez moved to expand his oil-rich country's influence in Bolivia with a set of accords Friday to secure Venezuela's role in the impoverished Andean nation's recently nationalized energy industry.

Chavez Increases Grip in Bolivia With $1.5 Bln Plan (Update5)
Bloomberg.com Fri, 26 May 2006 2:03 PM PDT
May 26 (Bloomberg) -- Venezuelan President Hugo Chavez pledged to step up investment in Bolivia's energy industry and protect its citizens from ``American imperialism,'' moving to strengthen his grip over the Andean nation.

Chavez Increases Grip in Bolivia With $1.5 Bln Plan (Update3)
Bloomberg.com Fri, 26 May 2006 12:48 PM PDT
May 26 (Bloomberg) -- Venezuelan President Hugo Chavez pledged to step up investment in Bolivia's energy industry and protect its citizens from ``American imperialism,'' moving to strengthen his grip over the nation.

Chavez Increases Grip in Bolivia With $1.5 Bln Plan (Update2)
Bloomberg.com Fri, 26 May 2006 11:48 AM PDT
May 26 (Bloomberg) -- Venezuelan President Hugo Chavez plans more than $1.5 billion of new investments in Bolivia's mining and energy industries as he moves to strengthen his grip over the nation's economy.

Investment boost for Bolivia
Aljazeera Fri, 26 May 2006 9:59 PM PDT
Hugo Chavez, the Venezuelan president, has pledged $1.5bn in energy investments in Bolivia.

Here is the result:


Morales' popularity jumped 13 points. With so much money being pumped from Venezuela, Morales' support is set to get higher and remain there.

I wonder if that'll have an effect on the assembly's vote this June. That is the big prize. If Morales gets to dominate the CA, he'll be able to shape Bolivia as he wishes. Just like Venezuela!

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