Petrobras-PDVSA accord seen as embryo of Petroamérica

Sources close to Brazil's Mines and Energy Minister Dilma Rousseff, who played a key role in recent partnership agreements between Petroleo Brasileiro SA (Petrobras) and Petróleos de Vene- zuela SA (PDVSA) for joint deepwater exploration (OGJ Online, July 29, 2003), told OGJ that the minister sees this as a first step towards creating Petroamérica, a coalition that would unite oil, gas, and electric power companies in Latin America in a comprehensive consortium.

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