The leader of Bolivia today ruled out any compensation for nationalized oil and gas resources as he faced tough questioning before a high-profile European summit meeting to discuss energy and trade.

President Evo Morales sent in the army on May 1 to occupy oil and gas fields owned by British Gas, Total of France, Repsol of Spain and Petrobras of Brazil. He said there was no need to pay, since the companies had already recovered their investments plus profits.

Europe is watching the case carefully.
nytimes.com

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