MEXICO CITY ~ Mexican President Felipe Calderon and his President Susilo Bambang Yudhoyono announced an oil cooperation agreement between their state-run oil companies, after a meeting on Monday.

The agreement established cooperation in “development, scientific and technological investigation, and exploration and drilling” between Petroleos Mexicanos (Pemex) and state-run Pertamina, said Calderon.

Yudhoyono, who arrived here from Washington after attending the Group of 20 economic meeting over the weekend, said he was also seeking to increase economic ties between the two countries.

Calderon, who also attended the G20 crisis talks, said another cooperation agreement in agriculture, education and diplomatic training had also been signed with the visiting president.

The two leaders will also travel to Lima for this weekend’s summit of the 21-nation Asia-Pacific Economic Cooperation (APEC) bloc.

Yudhoyono first visited Brazil for three days beginning on Tuesday, when he met with Brazilian President Luiz Inacio Lula da Silva and signed a strategic partnership with South America’s largest nation.