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Brazil and Venezuela Sign Oil Agreement |
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Written by Nelson Motta
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Monday, 14 February 2005 |
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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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