Caracas.- The III South American Energy Council, held in Caracas on Friday approved the final declaration, which was established to create a task force on legal policy, which will generate proposals that will give normative content to the structure of South American Energy Treaty of UNASUR.

At the headquarters of PDVSA in the Ministry Complex, La Campiña in Caracas, representatives of the energy field of the twelve countries of the Union of South American Nations (UNASUR) instructed the Panel to form a team of energy planning, which will meet annually, for the identification of structural projects that will affect the full development of the region, including in the framework of the company Grand National, with the aim of supporting economic growth.  This team should present its proposals at the next meeting of South American Energy Council in October this year.

Within the agreement in this body of UNASUR It highlights the invitation to national oil companies and gas for a next meeting in Caracas, before the next Summit of Heads of State and Government of UNASUR, to promote the exchange of experiences and the search for complementarities.

As part of the talks held in the Simón Bolívar PDVSA Ministry Complex, it also approved the holding of the First Meeting of National Companies of Electricity in Bogotá in the interests of furthering the search for consensus on this matter in the aspects legal, commercial, operational and regulatory as well as another meeting in the area of technology, to be held in Rio de Janeiro.

III South American Energy Council also instructed the Energy Experts Group to continue work on the Guidelines of the South American Energy Strategy and the dialogue between the Organization of Petroleum Exporting Countries and UNASUR.  It also was given an assessment task regarding the establishment of a research institute with the aim of promoting its own technological development.

The twelve members of UNASUR countries expressed their support to the Government of Argentina and the State Government of Bolivia on their sovereign decisions to ensure national energy security and the right to manage their natural resources and ratified further develop cooperation on energy the basis of solidarity and complementarity.

They also rejected the plans of transnational corporations to sue the States members of UNASUR at international courts, by decisions made in the exercise of sovereignty

The twelve member countries expressed their greetings to Commander President Hugo Chavez, and made vows for the health of the leader of the Bolivarian Revolution.