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Argentina considering joint venture with Brazilian, Venezuelan state oil firms.
(From BBC Monitoring International Reports)
consortium of oil companies" published by Argentine newspaper Pagina 12 web site on 25 April
The government is to begin May with an announcement which will liven up June. On 3 May, it will announce a medium-term energy plan. Pagina/12 [this paper] has learned that President Nestor Kirchner has issued instructions for accelerating the studies and negotiations to include an issue which will represent a great innovation in the national energy market: a government association with the companies Venezuelan Petroleum SA [PDVSA] and Brazilian Oil Corporation [Petrobras] to begin operating together.
PDVSA, founded in 1976, and Petrobras, created by [former Brazilian] President Getulio Vargas in 1953, are state-owned companies. Argentina has not had a similar company since the …
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