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Information about Petrobras

Petróleo Brasileiro S.A.
Semi-Public (NYSE: PBR / PBRA)

(Bovespa:PETR3 / PETR4)
Founded1953
HeadquartersRio de Janeiro, Brazil
Key peopleJosé Sérgio Gabrielli de Azevedo (current President)
IndustryOil and Gasoline
ProductsPetroleum and derived products
BR service stations
Lubrax motor oil
Revenue$72.347 billion USD (2006)
Employees50.000
Websitewww.petrobras.com.br


Petrobras, short for Petróleo Brasileiro S.A., is a semi-public[1] Brazilian oil company headquartered in Rio de Janeiro. The company was founded in 1953 mainly due to the efforts of the Brazilian President Getúlio Vargas. While the company ceased to be Brazil's oil monopoly in 1997, it remains a significant oil producer, with output of more than 2 million barrels of oil equivalent per day, as well as a major distributor of oil products. The company also owns oil refineries and oil tankers. Petrobras is renowned for its leadership in development of advanced technology from deepwater and ultra-deep water oil production. 55.7% of Petrobras' Common shares (with vote right) is owned by the Brazilian government [2], however privately held portions are traded on Bovespa, where it is part of the Ibovespa index.

Enlarge picture
George W. Bush and Luís Inácio Lula da Silva during a visit in Brazil.


Petrobras operated the Petrobras 36 Oil Platform, the world's largest oil platform, up until an explosion on March 15, 2001 led to its sinking on March 20.

Petrobras has expanded the reach of its operations beyond Brazilian borders. Today Petrobras controls oil and power industries assets, as well as related business activities, in 18 nations in Africa, North America, South America, Europe and Asia.

Petrobras produces also shale oil from the oil shale. Oil shale processing activities started in 1953 by developing Petrosix technology for of extracting oil from oil shale. The pilot plant started in 1982 and the commercial production started in 1992. At present, the company operates 2 retort, the largest of which processes 260 t/h of oil shale.

On 19 December 2005, Petrobras announced a contract with the Japanese Nippon Alcohol Hanbai for the creation of a joint-venture based in Japan to import ethanol from Brazil. The company, Brazil-Japan Ethanol, will have as its main object the The Financial Times newspaper listed Petrobras as one of the world's 500 largest companies in 2005.

On April 21st of 2006, President Luiz Inácio Lula da Silva announced Brazil's self-sufficiency in petroleum on board the Petrobras P-50 Oil Rig, a Floating Production Storage and Offloading vessel.

Petrobras is also widely recognized for being the largest sponsor of arts, culture and the environment in Brazil through several projects. Among the environmental initiatives, Petrobras is the main supporter of whale conservation and research through the Brazilian Right Whale Project and the [1] Brazilian Humpback Whale Institute.

See also

Footnotes and references

1. ^ [2]
2. ^ Source: 09-July-2006 - Petrobras Investor Relation Site

External links

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Ibovespa companies of Brazil
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A list of the largest petroleum companies is always somewhat arbitrary as state-owned companies operate differently to private-owned ones.
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Hino Nacional Brasileiro
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Petroleum (Latin Petroleum derived from Greek πέτρα (Latin petra) - rock + έλαιον (Latin oleum) - oil) or crude oil
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The Bovespa Index (Índice Bovespa) is an index of about 50 stocks that are traded on the São Paulo Stock Exchange (Bovespa: BOlsa de Valores dE São PAulo).
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The Petrobras 36 Oil Platform (P36) was the largest floating production platform in the world prior to its sinking March 20 2001. It was owned by Petrobras, a semi-public[1] Brazilian oil company headquartered in Rio de Janeiro.
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