Friday, March 28, 2008

Lula and Chavez to discuss Petrobras' participation on the Orinoco oil belt on June

ABN.- The President of the Federative Republic of Brazil, Luiz Inácio Lula da Silva, announced that he will hold a meeting with his Venezuelan counterpart, Hugo Chávez, next June, in order to discuss about the strategic points such as the participation of Petrobras Brasileiro S.A. (Petrobras) in the Orinoco oil belt and the Southern Gas Pipeline.

The announcement was given by Lula da Silva, this Thursday, from Pernambuco, Brazil.

The Brazilian president made emphasis in the energy alliance reached between Venezuela and Brazil through the agreement signed by Petrobras and Petróleos de Venezuela (Pdvsa) for the building of the refinery Abreu e Lima in Brazil.

According to Lula, more than an agreement, is a symbol or a signal 'for our foreign relation with the rest of the world that, in spite we are poor, we have proud and conscience of our sovereignty and our potential.'

He stressed that there is not a place in the world with the energy potential of South America, ' even more if we include the hydrological potential, the huge amount of rivers that ca produce hydroelectric power stations and, even more, if we join the countries of the region.'

He mentioned Venezuela with its huge richness of oil and gas, Brazil, and ' Bolivia and Peru, which resources are managed by companies of other countries and not for us.'

In this sense, Lula insisted on continuing the unit in order to search the transformation of the great nation of South America, able to make influence in a positive way over the North.

Lula thanked to Chavez and Venezuela to allow this alliance and expressed him the total support of Brazil and his government.

'I know the real needs of Venezuela, and you, Chávez, knows those needs of Brazil. And working together we can solve problems that in the past looked like without solutions and today can be solved thanks to our political maturity,' he assured.

Lula thanked President Chavez his visit in Brazil, he said: 'for that, my friend, thank you very much for your visit and for contributing that Pdvsa and Petrobras left to be two very competent and vain misses and turn into companies that think as us, not only in its profitability but in that they are able to do for help the South American continent.'





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