Brazil Consolidates Uruguay Presence with First of Series of Gas Stations

Petrobras, the Brazilian state controlled oil giant, is consolidating its entry in the fuel and lubricants distribution sector of neighboring Uruguay, with the inauguration, yesterday, September 26, in the country’s capital city Montevideo, of the first of 89 gas stations bought from Shell this year.

To change the image of the stations and implement the BR brand, Petrobras will be investing, up to the beginning of 2007, when the change will be entirely implemented, US$ 5 million.

The inauguration ceremony counted on the participation of the president of the Brazilian state-owned company, José Sergio Gabrielli de Azevedo, and the director of the International department, Nestor Cerveró.

Present in Uruguay since 1996, when sales of the lubricants Lubrax started, Petrobras has been gradually increasing its participation in the country’s oil sector.

In 2004, the company started working also in the distribution of natural gas around the country with the purchase of 55% of the shares of the company Conecta. In 2006, Petrobras bought 66% of the shares of Gaseba Uruguai – natural gas concessionary in Montevideo.

The consolidation of the Brazilian state-owned company advanced in the same year, with the acquisition of 100% of Shell’s assets and the control of a chain of 89 stations. With this, it started accounting for an annual sales volume of 227,000 cubic meters (227 million liters) of oil products.

Tags:

You May Also Like

IMF’s Advice to Brazil: ‘Share the Riches’

The Managing Director of the International Monetary Fund (IMF), Rodrigo Rato, said today, in ...

Brazil: Rush in Congress for Biosecurity Law

The Brazilian government once again placed the issue of Genetically Modified Organisms (GMOs) in ...

The World Is Bigger than the US and EU, Says Brazil’s Lula

President Luiz Inácio Lula da Silva said that Brazil’s external trading reached US$ 104 ...

Brazil’s Lula: It’s Our Fault

Brazilian President Lula told an audience of big investors in the US that his ...

Brazil Contributes US$ 33 Billion to World’s US$ 1,6 Trillion Entertainment Bill

Global investment in media should reach US$ 1.6 trillion in 2013, with a rhythm ...

Cover of MST's pubication Terra Magazine

Brazilian Democracy Is Working Great… on Paper

More than 125 million Brazilians will go to the voting booths on Sunday, October ...

Brazil's Embraer Super Tucano training airplane

Brazil’s Embraer Shortlisted by Emirates’ Armed Forces

The Armed Forces of the United Arab Emirates are evaluating the purchase of airplanes ...

Brazil’s Central Bank Chief Betting 2006 Will Be Very Good

The president of Brazil’s Central Bank (BC), Henrique Meirelles, calling 2005 a year of ...

Brazil Explores Only 2% of Its Rivers for Transport

Brazil has one of the largest water basins on the planet; the highway system ...

Brazil and Venezuela Embark on Broad Alliance

Brazil’s President Luiz Inácio Lula da Silva is traveling Sunday, February 13, to Caracas ...