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Latin American News

Bolivia, Brazil Create Gas Commission

Thursday, May 11, 2006 12:42:56 AM
By CARLOS VALDEZ

Bolivian oil minister Andres Soliz, left, smiles as his Brazilian counterpart Silas Rondeau wave to journalists prior entering a meeting to discuss the gas nationalization process in La Paz, Bolivia on Wednesday, May 10, 2006.(AP Photo/Dado Galdieri)LA PAZ, Bolivia (AP) - Bolivia and Brazil will form a commission to discuss the implementation of Bolivia's decision to nationalize its natural gas industry, a move that raised tensions between the South American neighbors.

Energy officials from the countries met Wednesday night to discuss Bolivia's decision last week to set gas prices and transfer majority control of all energy operations to its state energy company.

In a statement after the meeting, officials from both countries said the Brazilian government "reiterates its absolute respect for the sovereign decisions taken by the government and people of Bolivia" in the nationalization decree.


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