[A-List] Brazilian, Venezuelan Presidents Lay Cornerstone For Joint Oil Refinery

["tony black" <tal@xxxxxxxxxxxxx>]

----- Original Message -----
From: Rick Rozoff
To: Stop NATO
Sent: Saturday, December 17, 2005 9:45 AM
Subject: [stopnato] Brazilian, Venezuelan Presidents Lay Cornerstone For
Joint Oil Refinery


http://news.xinhuanet.com/english/2005-12/17/content_3933570.htm


Xinhua News Agency
December 17, 2005


Brazilian, Venezuelan presidents lay cornerstone for
joint refinery


BRASILIA - Brazilian President Luiz Inacio Lula da
Silva and his Venezuelan counterpart, Hugo Chavez,
laid the cornerstone of an oil refinery in
northeastern Brazil on Friday as part of their plan
for regional energy integration.

The refinery, which will cost some 2.5 billion U.S.
dollars, is one of the three projects of Petrosur de
Brasil agreed by the energy ministers of Argentina,
Brazil and Venezuela in May.

The plant, which will begin operation in 2011, will
turn heavy crude from Venezuela's huge Orinoco Belt
and Brazilian offshore fields into diesel fuel,
naphtha and other oil products.

It is expected to process up to 200,000 barrels a day.


Chavez said in a speech that Venezuela, the world's
fifth largest oil exporter, is seeking regional
integration by looking south, alleging that the United
States "took our wealth and left us with poverty."

The Jose Inacio Abreu e Lima refinery, named after a
general who fought alongside Caracas-born General
Simon Bolivar to help free Latin American nations from
colonial rule, is part of this plan, he said.

Chavez had vowed to share his country's oil wealth
with every nation in South America, aiming to
strengthen ties while offering an alternative to the
U.S.-backed Free Trade Area of the Americas.

Meanwhile, Lula struck a more conciliatory note by
advising Chavez to be more patient with U.S. President
George W. Bush, but agreed with him on regional
integration.




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