00:00Brazilian oil giant Petrobras and Mexico's Pemex agreed on Tuesday to explore joint oil and gas
00:05projects, particularly in the Gulf of Mexico. Latin America's two largest oil giants, Petrobras
00:11and Pemex, have signed a major cooperation agreement in Rio de Janeiro to develop joint
00:16oil and gas exploration and production ventures. The Strategic Memorandum of Funders tending
00:21aims to leverage Brazil's specialized expertise in deep water drilling to revitalize and boost
00:27crude production in the Mexican portion of the Gulf of Mexico. Backed by Presidents Lula
00:33da Silva and Claudia Sheinbaum, the Alliance will also study joint efforts to improve
00:37refinery efficiency and petrochemical production, strengthening regional energy security.
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