Venezuela Gets Good Sign From Repsol on YPF Dispute, Chavez Says

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Venezuela has received a “positive” letter from Repsol SA about its efforts to resolve a dispute with Argentina over the nationalization of its YPF unit, President Hugo Chavez said today.

Venezuela is “friends” with Repsol and maintains good relations with the company, Chavez said on state television, adding that he received a letter from Repsol Chairman Antonio Brufau yesterday that contained a “good signal.”