Argentina ------ Bolivia ------ Brazil ------ Venezuelaif you want to watch a real, live telenovela, keep your eyes on this one... the good news is that they decided to talk immediately after bolivia's nationalization move, that they met in relatively neutral territory, and that they've pledged to work together...
since it's only a month and a half until winter arrives in the southern cone, and argentina, in particular, depends in no small measure on bolivian natural gas to fuel its many cng vehicles as well as for cooking and heating, there's every incentive to keep things friendly and constructive...
Kirchner, Morales, da Silva, Chavez
A day after Brazil’s state-owned petroleum company announced it was freezing investment in Bolivia because of the nationalization decree, Brazilian President Luiz Inácio Lula da da Silva suggested that Petrobras could reverse course after negotiations.besides, on a strictly personal, selfish note, i would like to have gas for cooking and heating when i get back to buenos aires at the end of july, the dead of winter...
Submit To Propeller
"As a company, it will always invest wherever it sees a chance to obtain a return on its investments," Da Silva said during a press conference with Bolivian President Evo Morales, Argentine President Néstor Kirchner and Venezuelan President Hugo Chávez after the summit meeting.
Brazil is the largest consumer of Bolivian gas, and Petróleo Brasileiro SA is among the biggest producers in Bolivia, where the industry was privatized in the 1990s until Morales nationalized it on Monday and sent troops to guard foreign gas installations.
He has threatened to evict all foreign oil companies if they don’t sign contracts within six months surrendering control of the entire chain of natural gas production and giving Bolivia’s cash-strapped state oil company — Yacimientos Petrolíferos Fiscales Bolivianos — a majority stake in all operations.
After meeting for more than three hours, the three leaders issued a statement of respect for Bolivia’s right to make sovereign decisions about its natural resources.