• Categories
  • Archives

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.


ABr

Tags:

  • Show Comments (1)

  • Guest

    Correction
    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Your email address will not be published.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.

Ads

You May Also Like

Unesco Applauds Brazil on Child Labor Effort

Brazil is on the right track for resolving the country’s nearly chronic child labor ...

43% of Brazil’s Energy Comes from Renewable Sources

Maranhão, a state in the Brazilian Northeast, will produce 60 thousand liters daily of ...

Arabs and Mercosur Take Step to Free Trade Zone

“Between 2003 and 2004, Brazilian exports for Arab countries increased 47%. This agreement further ...

Italian energy company ENI

Brazil Joins Italy to Produce Biofuel in Brazil and Africa

Brazil's state-controlled oil company Petrobras and Italy's energy company ENI signed an agreement in ...

Brazil and China Launch Forest and Farm Monitoring Satellite

Today, September 18, will see the launch of the Chinese-Brazilian Earth Resources Satellite CBERS-2B, ...

Forest Loss in the Amazon Should Be Double of What Was Reported

Researchers have managed to count the uncountable in Brazil’s Amazon rainforest. In a study ...

Community Gives Big Boost to AIDS Fight in Brazil

In the opinion of the technical director of the Brazilian Ministry of Health’s HIV/AIDS ...

Finance War: Brazil Wants Banks to Lend More and Charge Less

Private banks in Brazil should follow state lenders and lower interest rates to help ...

Brazil to Teach Mozambique How to Make AIDS Drugs

The Brazilian Foreign Minister Celso Amorim has confirmed Brazil’s intention to help Mozambique fight ...

Letter from the Front

Cardoso tried to reach Bush by phone, but ended up talking to Condoleeza Rice, ...