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BRASILIA, May 1 (Xinhua) -- Bolivia's nationalization of its oil and gas industry
was an "unfriendly" move, Brazilian Mines and Energy Minister Silas
Rondeau said on Monday.
"It is an unfriendly move that could be understood as a break with
understanding made with the Bolivian government," Rondeau told Folha news.
Meanwhile, Jose Sergio Gabrielli, president of Brazil's government-run oil
company Petrobras, also criticized the decisionby Bolivian President Evo
Morales.
"Evo Morales' decree was a unilateral measure adopted in an unfriendly
way," Gabrielli told the official Brazilian news service Agencia Brasil in the
U.S. city of Houston, where he was taking part in an international oil
conference. "It obliges us to analyze very carefully our situation in the
country."
"Petrobras will take all the necessary measures, at all levels, to guarantee
its rights," he added.
Petrobras, a top investor in Bolivia, controls 14.5 percent of Bolivia's
gas reserves and has invested millions in Bolivia since 1996.
Under a decree signed by Morales earlier in the day, Bolivia's state oil company
YPFB will control all natural gas fields and pay foreign companies for
their services.
Bolivia has a reserve of about 48.8 trillion cubic feet of natural gas, the second
largest deposit in South America, which is being exploited by about 20
foreign firms.
Morales, who took office in January as Bolivia's first Indian president,
has repeatedly said his country's natural resources must be nationalized so that
Bolivians could benefit from the profits that were sent overseas. Enditem
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