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41

Venezuela To Construct Pipeline From Brazil To Argentina

Venezuela is likely to build a natural gas pipeline across Brazil to Argentina

Venezuela is likely to build a natural gas pipeline across Brazil to Argentina, Oil and Energy Minister Rafael Ramirez said in a statement on Friday.

The pipeline has a length of more than 8,000 km and costs $17 billion to $20 billion, and take five to seven years to complete, Ramirez said.

"In early March, we will hold a ministerial meeting to show the heads of state the details of our negotiations," Ramirez said.

In late 2005, government representatives of Venezuela, Brazil and Argentina signed a deal to study the possibility of building this gas pipeline.