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Cuba and  Venezuela will cooperate to seek for oil in Cuban coasts

Venezuela and Cuba will begin jointly exploring for oil in Cuban waters in the first such venture between the two nations, Venezuela's state-run oil company said Tuesday.

The companies expect to discover light crude after conducting a seismic study, PDVSA said.

President Hugo Chavez has signed numerous cooperation agreements with Cuba since taking office in 1999.

Under one agreement, Venezuela " one of Latin America's top petroleum producers " sells roughly 98,000 barrels of crude a day to Cuba. In return, Cuba provides Venezuela with thousands of Cuban doctors who help treat the poor.

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