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Mexico, Brazil Propose Alliance Between State-Run Oil Companies, Sourcemex

NotiEn: An Analytical Digest About Energy Issues in Latin America

In recent years, Brazil and Mexico have discussed forming a full alliance between their state-run petroleum companies. But now it seems like the two countries are ready to move beyond just talk and minor cooperation accords and develop a more permanent relationship between PEMEX and Petrobras.Presidents Felipe Calderon and Luiz Inacio Lula da Silva discussed creating joint opportunities for the two companies during Calderon's visit to Brazil in mid-August. The proposal to cooperate in the energy sector is the centerpiece of a major trade and economic agreement that Brazil and Mexico are discussing. Mexican Energy Secretary Georgina Kessel, who accompanied …