Friday, December 08, 2006

Oil and Gas: Venezuela offers to help to Brazil in oil and gas

The Brazil Arab News Agency reports, the president of Venezuela, Hugo Chávez, stated that his country may help in the development of Brazil by increasing the supply of fuels through agreements in the area of oil and gas.

"We want to offer Brazil all facilities so that the country may have no concern about oil and may have all the energy necessary for the country's development and to become a world power," he said, at the end of the evening yesterday (6), after having dinner with Brazilian president Luiz Inácio Lula da Silva, at Alvorada Palace.

According to him, Venezuela has expressive reserves at depths of 200 metres. He said that in just one of the wells exported by Brazilian oil company Petrobras in his country, the organization found reserves of seven million barrels.

The Venezuelan president travelled today (7) to Buenos Aires (Argentina), where he is going to meet with Argentine president Néstor Kirchner. Both presidents are going to discuss the installation of the gas pipeline of the south, which will benefit the countries of South America up to the Caribbean.

According to Chávez, the project has been under development for eight years, and just one year ago, with the interest of president Lula, did it become possible in the technical-financial, environmental and energetic point of view.