Lula to Offer $500 Million in Financing to Cuba

Lula to Offer $500 Million in Financing to Cuba, Valor Reports

By Adriana Brasileiro

Jan. 14 (Bloomberg) -- Brazilian President Luiz Inacio Lula da Silva
plans to offer more than $500 million in financing to Cuba during his
visit this week, Valor Economico reported, without saying where it got
the information.

Lula is expected to announce agreements allowing Petroleo Brasileiro SA
to explore oil in areas in the Gulf of Mexico that are controlled by
Cuba, where Petrobras will build a lubricant factory, the newspaper said.

The Brazilian president is scheduled to arrive in Cuba today and leave
tomorrow.

http://www.bloomberg.com/apps/news?pid=20601086&sid=afX1_pvRfE.U