Thursday, May 22, 2008

Petrobras welcomes the Minister of Industry of Cuba

Petrobras welcomes the Minister of Industry of Cuba
By La Société - May 21, 08 at 11:47

Ethanol and biodiesel under the spotlight at the Amsterdam Conference
Petrobras welcomes the Minister of Industry of Cuba The Minister of
Basic Industry of Cuba, Yadira García, was welcomed at Petrobras' main
office building, in Rio de Janeiro, where she participated in a work
meeting with Company executives. During the meeting, issues regarding
the cooperation agreement signed between Petrobras and the National
Cuban Oil Company (Cupet), signed on January 15 2008, were discussed.
The document calls for initiatives in the exploration & production,
lubricant, refining, maintenance, research & development, and human
resource areas.

Petrobras and Cupet also examined the possibility of beginning seismic
surveys in an offshore area in the Cuban sector of the Gulf of Mexico in
the near future. Since the late 1990's, foreign companies have been
authorized to operate in that region.

Progress was also made in the negotiations aimed at building a lubricant
plant in Havana. For this purpose, the terms of the association
agreement between Petrobras and Cupet to incorporate a mixed company are
being negotiated.

In research & development, the agreement foresees training for Cuban
technicians in the oil and gas area through the Petrobras University,
both in Cuba and in Brazil.

By La Société

http://www.edubourse.com/finance/actualites.php?actu=41100

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