Brazil's Petrobras to help Cuban firm on oil, soy

[Judi Lynn]

Tue, 28 Oct 2008 21:30:01 GMT
Brazil's Petrobras to help Cuban firm on oil, soy

BRASILIA, Brazil (AP) Brazil officials say the nation's state-run oil company will partner with its Cuban counterpart to produce oil in the Caribbean country.

The agreement between Petrobras and Cuba Petroleo will be finalized during the Brazilian president's trip to Cuba this week. No details on the oil agreement have been made public.

Brazilian officials also say their agriculture experts will help Cuba begin large-scale soy farming operations on former sugar lands.

A Brazilian association of small farmers will send the experts. They say the aim is to eventually have 40,500 hectares (100,075 acres) of soy planted in Cuba.

The Brazilians say they'll first test various types of soy seeds to determine which will work best in Cuba.

http://cbs4denver.com/businesswire/22.0.html?type=national&serviceLevel=f&category=f&filename=APFN-LT--Brazil-Cuba.xml