LA PAZ, Jan 23: Bolivia’s President Evo Morales on Friday nationalised the Chaco oil company, managed by Anglo-Argentine Panamerican Energy.

“Little by little, we are taking back our companies,” Morales said in Chaco’s offices in the central town of Entre Rios, after signing the nationalisation decree.

The leftwing president has had his government take over several companies in Bolivia’s important gas and oil industry, as well as others in telecoms and mining, since taking power in 2005.—AFP