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Brazil and Venezuela Sign Oil Agreement PDF Print E-mail
Written by Nelson Motta   
Monday, 14 February 2005

Petrobras (Brazilian Petroleum S.A.) and PDVSA (Venezuelan Petroleum S.A.) will sign a protocol of intentions today for the construction of an oil refinery in Brazil. US$ 2 billion will be invested, and daily production is expected to run between 150 thousand and 200 thousand barrels.

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