Saturday, May 06, 2006

Four-party summit backs Bolivian nationalization

Granma International

Havana. May 5, 2006

BUENOS AIRES – A long, very good meeting was how Argentine President Néstor Kirchner described four-party summit held yesterday in the city of Puerto Iguazú, where participants backed Bolivia’s nationalization of hydrocarbon resources.

During a press conference, Kirchner read out a communiqué in which the four presidents (Argentina, Bolivia, Brazil and Venezuela) voiced their support for regional energy integration and for contributing with joint investments to Bolivia’s development.

The meeting also took up the consolidation of Mercosur in the regional aspect and the coordination of positions for the upcoming Latin America and Caribbean Summit with nations of the European Union, to be held May 11 to 13 in Vienna, Austria.

For his part, Bolivian President Evo Morales said the events surrounding his country’s nationalization of hydrocarbons constitutes a historical moment.

Brazilian President Luiz Inácio Lula da Silva, in his turn, said all speculations voiced and written about the Bolivian nationalization were left behind after the contents of this summit were announced through the document read out by Kirchner.

He was referring to a rumor that had circulated that Brazil’s state-owned oil company, Petrobrás, would suspend planned investments in Bolivia.

He emphasized that future prices of Bolivia’s gas for the biggest consumers, Argentina and Brazil, would be established in line with the needs of Bolivia’s development and the interests of those countries.

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