This excerpt taken from the PBR 6-K filed Jun 5, 2007.
Soon before signing the agreement with ONGC and ONGC Videsh Ltd., Gabrielli spoke as the president of the delegation of Brazilian executives who are travelling with president Lula in his visit to India. During the closing ceremony for the First Brazil-India Forum of CEOs, Gabrielli said the gathering held today (Monday, 06/04) among businesspeople from both countries "was extremely productive." To Petrobras president, business opportunities have been identified which are certain to intensify the Brazil/India trade relations, particularly in biofuels, infrastructure, pharmaceuticals, and transportation. The need for technical mission exchanges between the two countries was also defined.