Mexico and Brazil will collaborate on oil and refining projects

Golden Ten Data reported on June 24 that two national oil companies from Mexico and Brazil have agreed to cooperate in the exploration, production, and refining of oil to help the two Latin American energy giants expand their oil reserves. The CEOs of the Mexican state oil company (Pemex) and the Brazilian state oil company (Petrobras) announced at an event in Rio de Janeiro that both parties have signed a non-binding memorandum of understanding to collaborate in the fields of exploration and production, including in the shallow and deep waters of the Gulf of Mexico, as well as in refining, natural gas, petrochemicals, and other areas.