Venezuelan President Hugo Chávez will visit Ecuador next July 15 to sign an agreement with his Ecuadorian counterpart Rafael Correa in order to organize a joint venture between both countries.

The new company is to build a new refinery called Refinería del Pacífico, official sources said. 
The ceremony where the rulers are to initial the deal will take place in the Ecuadorian coastal city of Manta, where the refinery will be located and the seat of a US military base until 2009. The US military base contract in Manta will not be renewed next year, DPA said.  

Both presidents will be protected by 600 police agents and members of the armed forces special units. Two helicopters will fly over the locations where both presidents will carry on their activities.