RIO DE JANEIRO (Dow Jones Newswires), September 8, 2008
Argentina will likely play a role in development of Brazil's promising pre-salt oil deposits, Brazilian President Luiz Inacio Lula da Silva said Monday.
In comments after a meeting with Argentine President Cristina Fernandez, Lula said that Argentina's naval and construction industries could help build the infrastructure needed for Brazil to produce oil from the pre-salt region.
"Argentina could and should participate in the construction of large-scale infrastructure needed to explore Brazilian oil deposits in the pre-salt shelf," Lula said.
Lula also said that Brazil would accelerate construction of the Garabi hydroelectric project and cooperation on nuclear energy projects to secure electricity needs for both nations.
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