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PDVSA, Petrobras extend MOU deadlines until Feb 2006
Petroleumworld
CARACAS
Petroleumworld.com 05 12 06
Venezuela's energy minister, Rafael Ramirez and his Brazilian counterpart Silas Rondeau said the Five memorandums of understanding or MOUs for several billion-dollar projects between the national oil companies of Brazil and Venezuela have been extended until February of 2007, Silas Rondeau announced on Tuesday.Silas Rondeau, made the announcement to the press after meeting for several hours with his Venezuelan counterpart Rafael Ramirez.
The MOUs - for joint manufacturing of ethanol, lubricants, sea shipping and Mariscal Sucre offshore natural gas project, Orinoco faja project, PDVSA-Petrobras reserve certification process in the Orinoco belt, the construction of the Abreu De Lima refinery in Brazil's Pernambuco state and others - were signed in February 2005 by Venezuela's President Hugo Chavez and his Brazilian opposite number Luiz Inacio Lula da Silva and were, however, "reviewed," according to a Venezuelan ministry statement.
As for the proposed US$25bn natural gas pipeline between Venezuela and Argentina, the ministers announced a second meeting of the technical teams from both countries to be held in Caracas from June 5-7.
Petroleumworld 11 05 06
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