Bolivia wins

Bolivia appeared to have won its gamble in nationalising its energy reserves after Latin American countries made peace at an emergency summit.

Evo Morales, the first indigenous Bolivian President, was attacked by some as a "radical" and "populist" this week after he sent in troops to reassert sovereignty over the country's massive natural gas reserves. But leaders of Argentina, Venezuela and Brazil agreed to open talks on new prices for the impoverished Andean nation's natural gas at a summit in the Argentine city of Puerto Iguazo.

Brazil's President Luiz Inacio Lula da Silva suggested the state-owned energy company Petrobras could reverse its earlier decision to freeze investment in Bolivia after the takeover.

"As a company, Petrobras will always invest wherever it sees a chance to obtain a return for its investments," Lula said after meeting with President Morales, Argentine President Nestor Kirchner and Venezuelan President Hugo Chavez.