Brazil-Mexico energy pact

摘要

Brazil and Mexico have agreed to increase cooperation in trade and energy, preparing for possible joint oil exploration and development, said the foreign ministers of both countries.Celso Amorim of Brazil and Patricia Espinosa Cantellano of Mexico created a commission that boosts co-operation between the nations that are often described as rivals for leadership in Latin America. The ministers declined to give details about agreements the two countries could sign regarding petroleum and biofuels. They said only that Mexican oil giant Pemex and Brazil's state-owned Petrobras could expand a 2005 agreement to search for oil in deepwater regions.