Petrobras explores abroad: The state-run Brazilian company wants oil from foreign shores.
Latin Trade › Vol. 11 Nbr. 4, April 2003
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Investment Guide
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Petrobras explores abroad: The state-run Brazilian company wants oil from foreign shores.
Petrobras is well on the road to greatly increasing its market share of the South American oil business. The state-run oil giant is investing more than US$3 billion in a strategy to spread risk, its managers say, through bold foreign exploration.
In October 2002, Petrobras paid $1 billion for 59% of Argentina's second-largest oil producer, Perez Companc (Pecom), which expects to spend another $2 billion over the next five year...See the full content of this document
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