• Categories
  • Archives

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:

  • 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Your email address will not be published.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

Despite US Slowdown, Smooth Sailing Forecasted for Brazil

The global economy is expected to grow less in 2006, but the slowdown in ...

Brazil Vows Not to Embarrass Obama over the Cuba Embargo

Luiz Inácio Lula da Silva, the president of Brazil, anticipated he will address the ...

Soft on Terror

The Rio Carnaval or New Year celebrations would be the ideal target for Bin ...

Brazil Confident to Strengthen Leadership in World’s Meat Market

While meat and chicken exports from Brazil are recovering at a slower pace than ...

Small Brazilian Companies Get Help to Show Their Goods Overseas

Brazilian small and micro enterprises (SMEs) from the state of Rio Grande do Sul ...

Brazil Says WTO Talks Need Obama’s Nod in Order to Succeed

Global trade talks need a strong signal from US President-elect Barack Obama to save ...

Progressive Rock & Jazz Fusion – A Short History

Progressive Rock is an elusive term applied to that type of rock music that ...

Brazil to Export US$ 2 Billion in Software

President Luiz Inácio Lula da Silva reaffirmed that, until 2007, Brazil intends to export ...

One Third of Brazilian Women Are Victims of Violence

November 25, International Day of Non-Violence against Women, a national fund was inaugurated as ...

Brazil Is Back to Black on Foreign Trade

Trade surplus in Brazil hit US$ 1.7 billion in February, up from a US$ ...