Mexico’s Sheinbaum expects oil firm Pemex to reach agreement with Brazil’s Petrobras

April 30 (Reuters) – Mexican ​President Claudia Sheinbaum said on ‌Thursday she expects state oil firm Pemex (PEMX.UL) and its Brazilian counterpart Petrobras ​to reach an agreement, ​after Brazil’s president pitched a partnership ⁠earlier this year.

Sheinbaum told her ​regular morning press conference she ​would travel to Brazil to sign a deal with President Luiz Inacio Lula da Silva, and ​was looking at potential dates.

The ​Mexican president added that a technical team ‌from ⁠Petrobras will travel to Mexico in mid-May to discuss issues related to production, exploration, processing ​and biofuels.

“From ​there, we’ll ⁠establish a memorandum of understanding for cooperation, and ​the idea is to ​go ⁠to Brazil to sign it,” Sheinbaum said.

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