Brasilia and Caracas expressed their willingness to fully restore diplomatic relations.
Venezuelan President-elect Delsea Rodriguez and Brazilian leader Luiz Inacio Lula da Silva agreed on this in a bilateral meeting.
"They also discussed the prospects for expanding Brazilian investments in Venezuela's oil sector," the Brazilian president's press service said.
It is clarified that the negotiations took place on the sidelines of the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change in Antalya, Turkey. The Brazilian leader emphasized the economic importance of the bilateral partnership and recalled the recent visits of business delegations to the neighboring republic.