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Petrobrás
(redirected from Petrobras)

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Petrobrás

 officially Petróleo Brasileiro SA

Brazilian oil and natural-gas company, the largest corporation in South America. It was founded in 1953 as a government-owned monopoly to prospect, extract, and refine domestic petroleum and to transport that oil and its derivatives. A government agency sets its policies and oversees its development. Although mainly devoted to developing petroleum sources in Brazil, Petrobrás also has interests in the Middle East, North Africa, and Colombia. In 1995, as part of a campaign to privatize state-owned industries, the Brazilian government ended the company's monopoly and allowed foreign competition. Petrobrás subsequently developed joint ventures with foreign businesses.
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Dutch oil giant Shell is bowing out of Uruguay while heavyweights such as state-run behemoths Petrobras from Brazil and Venezuela's Petroleos de Venezuela (PDVSA) see profits in the small South American country, especially taking into account Shell's departure.
High and dry: not known for oilfields, Uruguay has become the darling ... by Stewart, Diego / Latin Trade
reached an agreement with Petrobras (Petroleo Brasileiro S.
Mitsui & Co. and Petrobras to Sign an MOU for the Feasibility Study ... by JCN Newswires
NEW YORK -- JPMorgan Worldwide Securities Services today announced that it has been appointed successor depositary bank for the common and preferred share American Depositary Receipt (ADR) programs for Petrobras - Petroleo Brasileiro SA (NYSE: PBR & PBRA).
Petrobras Selects JPMorgan for $25 Billion ADR Program by Business Wire
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