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Venezuela’s Chavez Threatens Repsol Over YPF Arbitration

Venezuela President Hugo Chavez warned Repsol SA to “think carefully” about taking action against Argentina after it nationalized its YPF SA unit, indicating the Spanish company may face ramifications in the South American country.

“They have a lot of investment here in Venezuela,” Chavez said yesterday on state television after meeting with Argentine Planning Minister Julio De Vido in Caracas. “What happens there in Argentina affects what happens here.”