Petroleo Brasileiro is Added to Watch List.

0 Comments | M2 Presswire, January, 2007

M2 PRESSWIRE-10 January 2007-Oil and Gas News: Petroleo Brasileiro is Added to Watch List(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:10012007 PETRLEO BRASILEIRO (PETROBRAS) isn't brash, but it is Brazil's largest industrial company. It engages in exploration for oil and gas and in production, refining, purchasing, and transportation of oil and gas products.

The company has proved reserves of 14.9 billion barrels of oil equivalent. It operates 14,000 wells, 16 refineries, 25,000 miles of pipeline, and more than 6,900 gas stations. Subsidiary Petrobras Distribuidora is Brazil's leading retailer of oil products and fuel alcohol. Petrobras Energa Participaciones is a leading Argentine oil company. Other units produce petrochemicals and natural gas. The Brazilian...

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