Argentina Would Like for Brazil to Explore Its Oil

Oil high prices made Argentina oil attractive Brazilian President Luiz Inácio Lula da Silva received the governor of the Argentine province of Cordoba, José Manoel de la Sota. The governor came to invite Brazilian oil company Petrobras to participate in an international call to tender to be opened in May to explore oil and natural gas in the region.

According to de la Sota, research in the region in the 1970s guaranteed the existence of oil in the province, but, at the time, companies considered production too expensive. "Now, with the new oil prices all around the world, we believe that this will change," stated the governor.

José Manoel de la Sota is to meet with Petrobras president José Sérgio Gabrielli. For the next week, a talk is scheduled including the presence of Petrobras representatives and technicians who worked on studies for the international call to tender in Buenos Aires, the Argentine capital.

"We would greatly appreciate Petrobras' presence as it is the Brazilian state-owned company. Argentina no longer has a state-owned company. YPF [Yacimientos Petrolí­feros Fiscales] is now in the hands of Repsol, which is a multinational.

"The other companies are private and, as we, from Córdoba, feel that we are part of the Mercosur, we would like Petrobras, which is a Brazilian state-owned oil company, to participate actively in exploration and export of gas and oil from Córdoba," said de la Sota.

ABr

Tags:

You May Also Like

Brazil’s 10-Million Ad Blitz to Make Chicken into a National Symbol

A US$ 10 million campaign is being elaborated by advertising agency Young & Rubicam ...

Brazil’s Embraer Delivered 148 Jets in 2004

Brazilian aircraft manufacturer Embraer delivered last year 148 aircrafts, out of which 134 were ...

Brazilian Leaves for Eight-Day Mission in Space

Brazilian first astronaut Marcos César Pontes is leaving this Wednesday, March 29, in The ...

The Ghost That Haunts Brazil

Auguste Comte’s positivist ideas have shown their greatest impact in economic policy. Economic policy ...

Brazil’s Motor Vehicle Production Falls 40%, But Industry Is Pleased

The motor vehicle production in Brazil dropped 7.9% in October, in comparison to September. ...

A Yawanawá Indian - www.yawanawa.com

World Won’t Respect Brazilian Indians Patent Rights Starting with Brazil

They still live in the middle of the Amazon forest and their culture has ...

120 Years After End of Slavery Brazilian Blacks Still Far from Getting Equality

Despite Brazil’s NIMBY attitude about racism, while trying to convince itself of being a ...

The Red Bishop Goes to Heaven

Hélder Câmara’s Thoughts By Francesco Neves "Are you going to heaven?", a reporter asked ...

Robots Roam Where Humans Can’t Go in Brazil’s Amazon

In an area of approximately 370 square kilometers (143 square miles) of Amazon rain ...

Industrial Sales in Brazil Have Biggest Boost Since August 2006

Industrial sales in Brazil had an increase at the end of 2006. Real industrial ...