Brazil's Lula offers Cuba oil knowhow, credit - Reuters

[Eugene]

Source: Reuters

Brazil's Lula offers Cuba oil knowhow, credit
15 Jan 2008 19:48:12 GMT
Source: Reuters

(Adds details throughout)

By Anthony Boadle

HAVANA, Jan 15 (Reuters) - Brazilian President Luiz Inacio
Lula da Silva offered Cuba lots of credit and commitment to
help explore for oil in the Gulf of Mexico on Tuesday.

-snip-

Lula dined with acting President Raul Castro after arriving
in Havana on Monday night and met on Tuesday at the
Palace of the Revolution government house where the two
countries signed a slew of agreements to bolster economic
ties.

-snip-

Cuba secured the commitment of Brazil's state oil company
Petrobras <PBR.N> <PETR4.SA> to explore for oil in Cuban
waters of the Gulf of Mexico where six foreign oil firms
have already contracted 24 of 59 blocks.

Petrobras president Jose Sergio Gabrielli told reporters the
Brazilian company, a world leader in off-shore drilling, was
acquiring and analyzing seismological data and had not
identified which blocks it would sign contracts for.

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