subject: Brazil's National Oil Or Sell Its International Assets - Car Lockout Tools - Auto Opening Tools [print this page] Brazil's national oil company (PetroleoBrasileiroS), an official said the company is considering selling its international assets to help finance the development of offshore oil reserves.
Brazil's national oil company responsible for the implementation of new business manager Luojiliao? Matos (RogerioMattos) in the Tuesday interview, said: "We are an international portfolio of their own re-evaluation, will we be able to make a valuation of the assets for sale . "
Brazil's state oil company is planning to invest up to 2014 220 billion U.S. dollars, to salt the Brazilian offshore area of this zone includes Tupi (Tupi), including oil, oil exploration in the crude oil reserves out of a record the highest level since 30 years. Matos said: "After the discovery of this salt region, to expand operations in overseas markets has become less necessary to some extent."
Brazil's state oil company's investment plans in 2010 was higher than the scale of Royal Dutch Shell (RoyalDutchShellPlc) and Exxon Mobil (ExxonMobilCorp) any other oil company, now plans to issue additional shares of the company as a government-owned offshore oil-for- shares part of the program content. Brazilian Congress is currently on a new oil law to discuss, its content is 50 million barrels of crude oil transferred to the Brazilian national oil company, as shares of the company, the government's payment.
According to the Brazilian national oil company Web site shows the company in Brazil in 27 countries outside the market has business operations. According to the company's previously announced 2009 to 2013 strategic plan in the estimation, at this stage in its international investment will be 15.9 billion total.
Sao Paulo, an analyst at investment bank BradescoSA AuroRozenbaum said: "Brazil's subsalt oil discovery requests Brazilian national oil company as a business focus to the challenge." He pointed out that Brazil's national oil companies, the easiest to sell overseas assets for the crude oil reserves, oil refining and fuel distribution assets, and the energy sector. BradescoSA to Petrobras's stock to "market perform flat," target price per preferred share 41.10 Brazilian reais (about 22.96 U.S. dollars).
This year in January, the Brazilian national oil company agreed to 2.5 billion Brazilian reais (about 1.4 billion U.S. dollars) to buy a BraskemSA company's stock, which is Latin America's largest petrochemical company. Martos said: "We decided to strengthen BraskemSA business to expand the international market."
