Bolivia Takes Control of Oil Amid Crisis | Nigeria News

Bolivia’s government is seizing temporary control of state oil giant YPFB to tackle a crippling fuel shortage, with long lines and nationwide unrest. The six-month takeover aims to restore efficiency, ensure fuel supply, and boost transparency through a cross-ministry commission. Officials blame internal mismanagement at YPFB for the crisis and plan to shrink its retail role. But the move sparks backlash — farmers block roads despite a declared state of emergency — as President Bolivian struggles to fix the economy amid rising costs and stalled reforms, now negotiating with international lenders for a bailout. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/540d6209bcb5be6f