Brazil, Venezuela to move forward with oil ventures, gas pipeline plan

September 21, 2007 03:08

Brazil and Venezuela agreed Thursday to forge ahead with two joint ventures between their state-run oil companies and a natural gas pipeline that would stretch across the Amazon rainforest. President Luiz Inacio Lula da Silva and Venezuela's Hugo Chavez signed a series of accords to speed the projects that had been agreed upon earlier but had gotten bogged down in bureaucracy. "We intend to sign the contacts in December in Caracas," Silva said. "With these partnerships we are showing that South America can resolve its energy problems."

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