Thetwo companies will co-develop oilfields in the Middle East and LatinAmerica, and Cosmo will consider starting gas development withtechnical support from Cespa, Japan's Nikkei business daily reportedon Tuesday.
Thedeal would help Cosmo boost its upstream oil production from about20,000 barrels a day, the report said.
Cepsa iswholly-owned by Abu Dhabi state-owned investmentvehicle InternationalPetroleum Investment Company (IPIC), which isalso a top shareholder in Cosmo with a 20.8%
