Brazil, Venezuela plan ambitious oil and gas partnerships
RIO DE JANEIRO, Apr. 28 -- Brazil's President Luiz Inácio Lula da Silva and Venezuela's President Hugo Chávez reported that negotiations have been renewed to establish wide-ranging partnerships between state-owned oil firms Petroleo Brasileiro SA (Petrobras) and Petroleos de Venezuela SA.
The former administration of President Fernando Henrique Cardoso had started more modest negotiations, but they were never formalized
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