Read the reuters article carefully.

"We have an arrangement with the cement companies, and I'm sure that once we enter conversations for the final adjustments, that suit filed via arbitration can be withdrawn,"- Energy Minister Ramirez.

Venezuela stopped paying holcim and breached the contract which caused the arbitration to be filed. Now they want to talk. Swiss and the French cementeers made concessions to Chavez's demands early on. If you read further you will note the Mexicans went straight to arbitration when their cement company Cemex was siezed.

There might be a lesson in this for everyone.....