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Published on Jul 31, 2012
With the accession of Venezuela to the Southern Common Market (Mercosur), this country and Argentina might create a joint venture out of their state-owned oil companies, Yacimientos Petrolíferos Fiscales (YPF) and Petróleos de Venezuela SA (PDVSA). This agreement could also benefit Brazil since President Hugo Chávez said that Venezuela would be willing to provide Brazil with at least a hundred thousand barrels per day. teleSUR http://multimedia.telesurtv.net