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ARGENTINA: ARGENTINA IS A "STRATEGIC INVESTMENT", SAYS OIL COMPANY.(Brief Article)
IPR Strategic Business Information Database, July, 2002
Francisco Gros, the president of Brazil's Petrobras, restated that Argentina is a "strategic investment " for the Brazilian state company and highlighted that there is no conversation with the Spanish oil group Repsol to buy YPF' assets. According to a company press release, Gros expressed that "Repsol YPF does not have interest in parting with YPF' assets." Petrobras (Petroleo Brasileiro) is involved in the exploration, production, refining, retailing, and transportation of oil and its byproducts.
Petrobras, based in Rio de Janeiro, has offices and administration managers in some other major cities in Brazil, such as Brasilia, Salvador and Sao Paulo. In addition to representation of its subsidiaries in various places, Petr?leo Brasileiro S/A also has offices...
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