Petrobras Signs Co-Operation Agreement With Cupet
Posted on: Wednesday, 16 January 2008, 12:00 CST
Brazilian integrated energy giant Petrobras and Cuban state-owned oil firm Companhia Cubana de Petroleo have signed a wide-ranging exploration and production, lubricant, refining, maintenance, research and development, and human resource co-operation agreement.
Petrobras stated that specific memorandums of understanding were also signed to define the stages and deadlines to be fulfilled to analyze and make exploration and production and lubricant projects viable.
The agreement signed between Petrobras and Companhia Cubana de Petroleo (Cupet) is reportedly the outcome of an understanding reached between the two companies. In September 2007, a number of executives from Petrobras visited Cuba to identify opportunities in the country's oil industry.
The agreement also foresees the assessment of the offshore blocks in the Cuban sector of the Gulf of Mexico. The Cuban government has been authorizing foreign companies to operate in the region since the late 1990s.
Petrobras noted that the agreement will also foresee technical and economic analysis for the construction of a lubricant factory in Havana. Two Petrobras work groups are expected to be in Cuba to advance the talks on the projects that Petrobras undertakes with Cupet's co-operation.
Source: Datamonitor
Related Articles
- Petrobras, Cupet Sign Joint Oil Exploration and Production Agreement
- Petrobras, ConocoPhillips Sign Wide-Ranging Co-Operation Agreement
- Petrobras, PDVSA Sign Agreements of Principles for LNG Trade
- Petrobras Affiliate Signs Co-Operation Agreement With Kior
- Commercial Space Transportation Capabilities Agreements Signed
- Petrobras to Sign Agreement With Bolivia
- Over the First Six Months of 2005, Biotechnology Licensing Activity Grew By 30% to Account for Approximately 68% of All Licensing Agreements Signed Across the Biopharmaceutical Industry
- Agreement Signed for Sale of Gas From Phu Horm
- Promising Treatment for Juvenile Diabetes Advances With Agreement Signed By MacroGenics and Tolerance Therapeutics
- (NT.TO) Chunghwa Telecom Upgrading GSM Network Using Technology from Nortel Networks; Expanding Capacity, Adding Services under US$64 Million Agreements Signed in June, August 2003
 |
 |
User Comments (0)
RSS Feeds