Brazil-Venezuela Joint Venture Will Generate 10,000 Jobs in Brazil

Brazilian President Luiz Inácio Lula da Silva gave assurances today to the governor of Pernambuco, Jarbas Vasconcelos, that, in August, he and the President of Venezuela, Hugo Chavez, will announce the details of the construction of a Petrobras oil refinery in partnership with the Venezuelan Petroleum Company (PDVSA).

The refinery, which will process heavy crude, will have a daily production capacity of between 200 and 250 thousand barrels.

The initiative, which represents an investment of US$ 2.5 billion, will generate 10 thousand jobs during the construction phase, which is expected to take two years.

The enterprise will be installed in the Suape Industrial and Port Complex, on the Cape of Saint Augustine, in the metropolitan area of Recife, in Northeastern Brazil.



  • Show Comments (1)

  • Guest

    Dear Sirs,

    Your article refers to the oil company “Pedevisa”. The Venezuelan state oil company is called PDVSA, which is an acronym for Petroleos de Venezuela, S.A. In Spanish it is commonly pronounced, (“Pe-De-Ve-Sa), but this is only for pronounciation purposes.

    Your sincerely

    Jason Berman
    Atlanta, Georgia, USA

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

US$ 64 Billion in 12 Months. Foreigners Had Never Invested So Much in Brazil

According to figures disclosed by Brazil’s Central Bank, foreign direct investment in Brazil was ...

Brazil Offers Preferential Treatment to Africa and India

The Manaus Industrial Pole, in the city of Manaus capital of the northern state ...

Brazil’s Lula Defends Venezuela Against US Attacks

During the meeting with Presidents Àlvaro Uribe (Colombia), Jose Luis Zapatero (government of Spain), ...

Caracas Opposition Wants Brazil to Accept Venezuela in Mercosur to Rein In Chavez

Antonio Lezama, one of Venezuela's main opposition leaders has been invited to address Brazilian ...

A Pleasing Year for Brazil’s Cosmetics Overseas. Sales Are Up 20%.

Exports by Brazil’s personal hygiene, perfumery and cosmetics industry grew 20% in 2005 and ...

Brazilians Arrested in US for Counterfeiting

Three Brazilian nationals were arrested today on charges they were producing fraudulent immigration and ...

New California Bill Against Global Warming Pleases Brazil Sugarcane Industry

California has updated its calculations of sugarcane ethanol's emission reductions in a tacit admission ...

Brazil Pans Canada’s G20 Summit. Floods in Brazil Kept Lula Home

At the end of the G20 summit, Brazil criticized the participants of the meeting ...