Lula proposes Petrobras-Pemex project, but Mexican president has not yet made a decision
SÃO PAULO, March 24 (Reuters) – Mexican President Claudia Sheinbaum said on Tuesday that she has not yet made a decision on the proposal made by her Brazilian counterpart, Luiz Inácio Lula da Silva, for state-owned oil companies Pemex and Petrobras (PETR3;PETR4) to form an alliance for exploration in the Gulf of Mexico.
The president also said that the president of Petrobras will visit Mexico in April to jointly discuss the proposal.
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Lula stated last week that he had called Sheinbaum to propose an alliance between the two companies, highlighting Petrobras’ vast experience in producing oil in deep waters.
Pemex does not have experience in deep waters, but currently maintains two partnerships with private companies in these areas.
However, the Mexican company has plans for new projects of this type as part of its objectives to increase hydrocarbon production in the coming years.
