Petrobras (PBR)

(vi) Investments in Colombia

On April 28, 2006 PETROBRAS concluded the purchase of Shell’s assets in Colombia, relating to the distribution and sale of fuel. The acquisition entailed 39 gas stations and convenience stores in Bogotá and surrounding areas, a warehouse and lubricant mixing plant in Puente Aranda, and a terminal in Santa Marta.

(vi) Investments in Colombia

On April 28, 2006 PETROBRAS concluded the purchase of Shell’s assets in Colombia, relating to the distribution and sale of fuel. The acquisition entailed 39 service stations and convenience stores in Bogotá and surrounding areas, a warehouse and lubricant mixing plant in Puente Aranda, and a terminal in Santa Marta.

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d) Investments in Colombia

On April 28, 2006 PETROBRAS concluded the purchase of the assets of Shell in Colombia, relating to the distribution and commercialization of fuel. The acquisition comprises 39 service stations and convenience shops in Bogotá and surrounding

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areas, storage base and lubricant mixing plant in Puente Aranda, and one terminal in Santa Marta.

The service stations shall operate as of the date of acquisition, under the responsibility of PETROBRAS, which mark shall be changed, in six months. Within this period, the visual of all the stations will show the PETROBRAS pattern.

This acquisition is part of a package involving the assets of Shell in Paraguay and in Uruguay, totaling an amount of approximately US$ 140 million. The total amount of the investments shall be known as soon as negotiations in the three countries are finished.

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