Joao Pessoa

Simply the Best Site about João Pessoa

Paraíba Paradise

Sponsored Links

Le Petit Paradis Pousada in Joao Pessoa

Family run Guest House in a quiet residential street and close to local amenities

Lula says not in Brazil’s interest to join OPEC

September 8th, 2009

opecBrazil has no interest in joining the Organization of Petroleum Exporting Countries (OPEC) because it does not aspire to become a crude oil exporter, President Luiz Inacio Lula da Silva said on Sunday.

Brazil, which has huge offshore oil reserves, was invited to join OPEC by Iran in August 2008 and had previously said it was considering the offer.

During an interview with three French media, TV5 Monde, RFI radio and Le Monde newspaper, Lula was asked whether he thought it would be good for his country to join the Vienna-based organization.

“No,” he said.

“Brazil does not intend to export crude oil. It wants to export refined products. We want to transport the oil to Brazil itself and to build our own petro-chemical industry. It is not at all in our interest to participate in OPEC,” Lula said.

Brazil announced in 2007 the second-biggest oil find in the world in 20 years, “subsalt” fields thought to contain at least 50 billion barrels of light crude.

Lula on Monday proposed an overhaul of Brazilian oil laws to give the state more control over the deposits. It would make state-run Petrobras the sole operator of the offshore fields, and create a fund to finance health and education projects.

His plans, 18 months in the making, are now on a legislative fast track that obliges both houses of Congress to vote within 45 days, though congressional leaders are resisting that.

Reuters (Reporting by Estelle Shirbon; editing by Myra MacDonald)

buy isoptin
buy viagra san francisco
Buy viagra cheaply
best place to buy generic viagra online
buy viagra online discount
viagra from canada
Buy viagra Mesa
buy real viagra online
Cheapest Viagra Online
Buy viagra usa
buy cheap viagra online
redtube viagra
buy viagra now
best place to buy viagra online reviews
buy discount viagra
canadian pharmacy generic viagra
viagra best buy
usa cialis
viagra best buy
buy sale viagra
cheapest viagra
buy viagra with discount