ESPACIO PUBLICITARIO
CARACAS, Thursday July 17, 2008 | Update
 
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Lula and Chávez to support Morales in recall referendum
  EL UNIVERSAL
Thursday July 17, 2008  02:11 PM

The presidents of Brazil, Luiz Inácio Lula da Silva, and Venezuela, Hugo Chávez, will arrive on Friday to Bolivia to provide financial support to Evo Morales government, just three weeks before the recall referendum, which would put the legitimacy of Morales presidency into question.

Morales and Lula will sign a loan agreement in the Amazon town of Reiberalta, 560 miles northeast from La Paz, by which Brazil will lend USD 230 million to build a 310-mile road, Efe reported.
  
Chávez will join Lula and Morales to sign a commitment to support the development and protection of the Amazon ecological balance and to coordinate economic as well as technical cooperation.

Chávez and Lula will publicly support Morales, three weeks before the Bolivian President, his Vice President, Álvaro García Linera, and eight of nine governors (most of them of opposition parties) will go into a recall referendum.

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Oil Scenario


Oil exports to China in 2015 are to match current oil shipments to the US
Oil exports to China in 2015 are to match current oil shipments to the US

HYDROCARBONS Rafael Ramírez, Venezuela's Minister of Petroleum and Mining and president of state-run oil company Petróleos de Venezuela (Pdvsa) specified that oil exports to China would be equal to current shipments of Venezuelan oil to the United States.

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