PUERTO IGUAZU, Argentina (AP) — South American leaders promised Thursday to respect Bolivia’s decision to nationalize its natural gas sector and agreed to negotiate future gas prices, hoping to diffuse a crisis sparked by the Andean nation’s energy industry takeover.

A day after Brazil’s state-owned petroleum company announced it was freezing investment in Bolivia because of the nationalization decree, Brazilian President Luiz Inacio Lula da Silva suggested that Petrobras could reverse course after negotiations.

“As a company, it will always invest wherever it sees a chance to obtain a return for its investments,” Silva said after meeting with Bolivian President Evo Morales, Argentine President Nestor Kircher and Venezuelan President Hugo Chavez in this city along the border with Brazil.
cnn.com

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