Argentina, Venezuela ratify YPF-PDVSA strategic alliance

Argentina and Venezuela gave their first step in the creation of an energy strategic alliance between oil companies YPF and PDVSA, after the agreement signed by President Cristina Fernández de Kirchner and her Venezuelan counterpart, Hugo Chávez, in Brasilia last Tuesday.

Planning Minister Julio De Vido and Oil and Energy counterpart and president of PDVSA, Rafael Ramírez Carreño, headed the encounter that will have a new episode in 30 days, when the Argentine envoy travels to the Caribbean country to work on the details.

Cabinet Chief Juan Manuel Abal Medina and Economy Deputy-Minister Axel Kicillof were also part of the meeting held at the Federal Planning Ministry.