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Posted on 07/14/2003 5:22:03 PM PDT by El Conservador
(Translation courtesy of El Conservador)
Venezuelan President Hugo Chávez, pledged this Sunday “more expediency” to his colleagues, Brazil's Luiz Inácio Lula Da Silva and Colombia's Alvaro Uribe Vélez to spped up the creation of the multistate oil company Petroamérica comprised of several South American countries.
“To Lula and Uribe a little bit more expediency”, said the chief of state, who argued that the establishment of such holding will boost the “strategic alliance of the state oil companies in South America”.
“Let's make a deal, let's be a little bit more expedient and let's establish an alliance of oil companies to give real strength to integration”, added Chávez in his brodacast program “Aló, presidente”.
The multi-state is a project suggested since former Venezuelan president Rafael Caldera's second term (1994-1999) to merge state-run Petróleos de Venezuela (PDVSA) and Brazilian Petrobrás
The Chávez Adminstration has extended the participation of other state run oil companies in that project such as Colombian Ecopetrol, Ecuadorian PetroEcuador and alliances with private oil companies in Argentina. Chávez celebrated in his program the recent contract subscribed between his country's Ministry of Energy and PetroEcuador for oil exploration assistance projects.
He revealed that the day before he had a phone conversation with his Ecuadorian colleague Lucio Gutiérrez to discus such contract y remarked taht in such document “the name of Petroamérica is mentioned for the first time”.
Chávez also confirmed the appointment of Venezuelan Luis Marín as new president of Citgo, subsidiary of Pdvsa in the United States, owner of refineries y 14000 gas stations in that country.
Venezuela, world's fifth exporter and eighth producer of crude oil, is the only Latin American member of the Organization of Petroleum-Exporting Countries(OPEC).
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