Bolivian Foreign Minister David Choquehuanca and his Brazilian counterpart, Celso Amorim, met in Bolivia on Monday to discuss Bolivia's fossil fuel nationalization, which has hit a leading Brazilian oil company, according to reports from Bolivia.

"We also spoke of financing and technical help" between the two countries, Amorim told a press conference in La Paz, the administrative capital of Bolivia.

Amorim is visiting Bolivia to follow up on measures proposed by Brazilian President Luiz Inacio Lula da Silva and Bolivian President Evo Morales on the sidelines of the Latin America, Caribbean and European Union summit in Vienna more than a week ago.

Amorim is due to meet Morales later on Monday.

In response to a conflict between the two countries over the hydrocarbon topic, Amorim said, "There are no conflicts. There are questions we have to approach constructively."

On May 1, Morales announced the nationalization of his country's oil and gas industry and gave companies 180 days to negotiate new contracts to operate in the country. The nationalization measures also hit Brazilian-state oil company Petrobras.

Amorim on May 12 asked Bolivia to compensate if the company's assets are seized there.

Source: Xinhua