The Presidents of Venezuela and Argentina, Hugo Chávez and Néstor Kirchner, respectively, Wednesday inaugurated at the heavy-crude oil Orinoco strip the first oil well Argentinean firms are to operate in Venezuela.

The reservoir is located in Block Ayacucho Number 6, Rig PDV 09, in San Tomé, south Anzoátegui state -one of the four states comprising the huge deposit of hydrocarbons in eastern Venezuela, the official news agency ABN reported.

Kirchner arrived in Puerto Ordaz, southern Bolívar state, Tuesday noon. A few hours later, Chávez joined him.

The two rulers met with their aides and refined agreements in a number of areas they are scheduled to initial on Wednesday.

In San Tomé, Chávez and Kirchner are initialing investment and cooperation agreements in the areas of technology, agriculture, gas and energy they started negotiating back in 2006.

Following execution of the instruments, Kirchner claimed Latin American integration should not disturb anyone.

"Nobody should be possibly disturbed in the face of integration among our peoples. We have to put an end to paternalistic theories both institutionally and politically."

"It has been said that some countries should restrain other countries, or that me or Brazilian President Luiz Inácio Lula da Silva had to restrain President Chávez. This is a complete mistake. We, together with our brother, President Chávez, are making room for South America, for construction of our peoples' dignity."

Further, Kirchner referred to the second joint issuance of the Bond of the South. "We continue to talk and work together in the second issuance of the Bond of the South, and this time Venezuela and Argentina are jointly issuing USD 1.5 billion in debt bonds."