The Energy Ministers of Venezuela and Brazil signed an energy accord to share technical expertise and study possible hydrocarbons joint ventures.
Under the agreement, the both ministries will form a commission to study proposals and possible joint ventures between Venezuela's state oil firm PDVSA and Brazil's federal energy company Petrobras every 6 months.
Dilma Rousseff, Brazil?s energy minister, said, that t he intention is to create joint policies to work jointly at such areas heavy crude and sharing technology.
Venezuela's President Hugo Chavez has made regional energy integration one of the political priorities of his administration, and he sees Brazil's President Luiz Inacio Lula da Silva as a political ally in regional development.
Chavez has already signed several energy accords, including a recent deal with Argentina to export fuel in exchange for meat and other agricultural products.
