• Categories
  • Archives

Brazil’s Petrobras Dreaming Of Deals with Japan and South Korea

The President of Petrobras – Petróleo Brasileiro S.A., José Eduardo Dutra, wants to attract Asian investments to Brazil, and strengthen the existing relationship between the Brazilian government-owned corporation and Korean and Japanese companies.

Dutra, plus the Downstream Director, Paulo Roberto Costa, and the CFO and Investor Relations Director, José Sérgio Gabrielli, arrived this Monday, May 23, in Seoul, South Korea, where they will have business meetings until the 25th.

According to the company’s press service, on the 26th, Petrobras executives will join the Brazilian delegation (government and entrepreneurs) headed by President Luiz Inácio Lula da Silva, in Tokyo, Japan, to participate on business roundtables and meetings with Japanese authorities.

During these meetings, memorandums of understanding will be signed with Japanese companies and banks, among them, the Japan Bank for International Cooperation (JBIC), of which Petrobras is the non-Japanese company that holds the highest volume of investments, estimated at US$ 6 billion, with the participation of large Japanese groups.

JBIC resources have been applied by Petrobras in some projects, such as the gas pipelines in the Northeast and Southeast of Brazil, the production development at Bacia de Campos (in the state of Rio de Janeiro), and the modernization and expansion of refineries.

Petrobras informed that, since last year, it has sporadically exported Liquefied Natural Gas (GLP) to Japan, but without a fixed contract.

Regarding South Korea, the company awaits results of studies established by the memorandum of understanding signed last year with Korea National Oil Corporation, about projects of common interest in the areas of oil and natural gas.

Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Food Company Perdigão Swallows Italian Subsidiary

Perdigão, a Brazilian food company which operates in the meats sector, concluded negotiations for ...

Five Years in Haiti Without a Death, Brazilian Forces Lose 14 to Earthquake

The Brazilian military are having a hard time dealing with death in Haiti. “How ...

14,000 Landless in Brazil Take Over Farms, Toll Booths and Banks

Brazil’s Landless Rural Worker Movement (Movimento dos Trabalhadores Rurais Sem Terra) (MST) kicked off ...

The New Names Behind the Worlwide Success of Brazil’s Jewels

Following in the wake of garments, accessories made in Brazil are showing their face ...

Brazil Lula’s Family Voucher Is No Charity and Makes Economic Sense

In the results of Brazil’s National Survey of Sample Households (PNAD) there is an ...

A Quarter of Brazilian Executives Think Worst of World Crisis Is Over

All over the world, the number of executives who believe that the global economic ...

Brazil’s Embraer 195 Is Now FAA Certified

The US Federal Aviation Administration (FAA) has issued the type certificate for the Embraer ...

Moscamed, the Biofactory Brazil Hopes Will End Fruit Fly

In March, Brazilian fruit growers will gain a new and powerful ally in their ...

Brazil Offers Low-Interest Loan for Capital Goods Purchase

Announced by the Brazilian Development Bank (BNDES) at the end of June, the financing ...

All the Americas in Brazil Drawing Plans for Bird Flu War

Luiz Carlos Guedes Pinto, the executive secretary at the Brazilian Ministry of Agriculture, says ...