Venezuela works on agreement to import oil pipelines from Brazil [View All]

[Joanne98]

UPDATED: 12:42, August 08, 2005
Venezuela works on agreement to import oil pipelines from Brazil



Venezuelan President Hugo Chavez on Sunday said his country is preparing an agreement with Brazil to produce oil pipelines, which Venezuela currently imports from the United States.

Chavez told a press conference that Venezuela's state-run petroleum firm, PDVSA, is working on an agreement with a Brazilian firm, whose name was not revealed.

But he mentioned a firm of 300 workers near Rio de Janeiro, which produces fiber-glass pipes for the Brazilian industry at only 15 percent of its capacity.

The firms were abandoned by their owners 10 years ago, but workers saved them later and have since kept them in operation, Chavez said.

"We want to help them because there is none to give them credits. Banks function in accordance with the orders of the International Monetary Fund, the world monetary imperialism, but we are free from that," said the president.


http://english.people.com.cn/200508/08/eng20050808_200903.html

I know it's the People's Daily but I sounds about right.