Addressing the 3rd GECF Summit Meeting in Tehran on Monday, Evo Morales said multinational companies in Bolivia have turned into national firms in the past 10 years.
He underlined his country's vast energy resources, saying that climate change is the biggest challenge in the world.
"Despite the efforts of arrogant powers, I am honored to say that we possess all of our natural resources," the Bolivian president said.
He said despite very bitter background of being a colonized country, Bolivia has been able to attract foreign investments in a win-win fashion.
GECF is the intergovernmental forum of the world’s leading gas producers that provides a framework for exchange of experience, views, information and data, as well as coordination in gas related developments among member countries.
It consists of 19 main and observer members with its permanent secretariat based in Doha, Qatar.
Russia, Iran, Qatar, Algeria, Bolivia, Egypt, Equatorial Guinea, Libya, Nigeria, Trinidad and Tobago, Venezuela, and the United Arab Emirates, are main members of the gas exporting body. Observer countries are the Netherlands, Iraq, Oman, Azerbaijan, Peru, Kazakhstan and Norway.
GECF members account for 42 percent of global gas output, 70 percent of global gas reserves, 40 percent of pipe gas transmission, and 65 percent of global trade of Liquefied Natural Gas (LNG).
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