Brazil cancels meeting with Bolivia amidst energy crisis

The Brazilian government called off a meeting it would have had with Bolivia to discuss energy issues after the Bolivian government announced it would take control of the revenues generated by Bolivian refineries owned by Brazilian oil giant Petrobras. Despite not taking any other formal action, the Brazilian government suggested it would demand a change in policy buy Bolivia, which announced earlier in the year the nationalization of foreign assets in the energy sector in the country.

After the initial Brazilian reaction, the Bolivian government announced it would suspend temporarily the decision to take control of Petrobras' revenues, in order to improve the negotiations between the two countries.