Petrobras (PBR)

20.1. Commitments to acquire natural gas

Petrobras and Yacimentos Petrolíferos Fiscales Bolivianos – YPFB executed contracts, in force until 2019, entailing the acquisition of natural gas, undertaking to acquire minimum volumes at a price calculated according to a formula tied to the price of fuel oil.

Between 2002 and 2005, Petrobras did not acquire the minimum volume specified in the contract with YPFB and paid US$ 81.409 thousand (equal to R$ 159.639 thousand as of September 30, 2007) on account of unshipped volumes, the credits of which will be realized through withdrawals of future volumes.

20.1. Commitments to acquire natural gas

Petrobras and Yacimentos Petrolíferos Fiscales Bolivianos - YPFB executed contracts, in force until 2019, entailing the acquisition of natural gas, undertaking to acquire minimum volumes at a price calculated according to a formula tied to the price of fuel oil.

Between 2002 and 2005, Petrobras did not acquire the minimum volume specified in the contract with YPFB and paid US$ 81 million (equal to R$ 156.966 thousand as of June 30, 2007) on account of unshipped volumes, the credits of which will be realized through withdrawals of future volumes.

(a) Commitments to acquire natural gas

Petrobras and YPFB executed contracts in force until 2019 entailing the acquisition of natural gas, undertaking to acquire minimum volumes at a price calculated according to a formula linked to the price of fuel oil.

Between 2002 and 2005, Petrobras did not acquire the minimum volume established in the contract with YPFB and paid US$ 81 million (equal to R$ 166.082 thousand as of March 31, 2007) referring to unshipped volumes, whose credits will be realized through withdrawals of future volumes.