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Turkey and Brazil to explore for Black Sea oil
Saudi Press Agency Published in Saudi Press Agency on 22 - 05 - 2009

The Turkish president says Brazil
and Turkey will jointly explore for oil in the Black Sea, AP reported.
President Abdullah Gul says Brazil's state-run oil company
Petrobras and Turkey's state-run research company TPAO
signed an agreement Friday to invest US$800 million (¤580
million) in the offshore drilling project.
Gul says Black Sea oil production will likely to be
possible in the coming years.
He and visiting Brazilian President Luiz Inacio Lula da
Silva announced the deal at a news conference.
Silva's visit to Turkey is the first ever by a Brazilian
head of state.

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