An oil well operated by Venezuela's state-owned oil company PDVSA in Morichal, Venezuela, on July 28, 2011. Venezuela will fulfill its compromise of co-financing with its Brazilian counterpart Petrobras the construction of the Abreu y Lima oil refinery that would process 240,000 oil drums per day, venezuela's Oil and Energy Minister Rafael Ramirez said on July 29, 2011.   AFP PHOTO/Ramon SAHMKOW (Photo credit should read RAMON SAHMKOW/AFP/Getty Images)