This excerpt taken from the PBR 6-K filed Jul 7, 2009.
Memorandum of Understanding with Gerdau and CSN
Rio de Janeiro, July 7 2009 – PETRÓLEO BRASILEIRO S/A - PETROBRAS announces that it has signed a Memorandum of Understanding with the Brazilian companies, Gerdau S.A and Companhia Siderúrgica Nacional (CSN) regarding the joint study for a project to develop port installations in the Sepetiba Bay, state of Rio de Janeiro.
The three companies have adjacent industrial areas in the municipality of Itaguaí, up to the present developing their projects independently of one another. The purpose of the study is to identify possible mutual advantages for the three companies should it be possible to share some of their bayside facilities (belts, conveyors, manifolds and piers), preserving the specific needs of each company.
This document may contain forecasts that merely reflect the expectations of the Companys management. Such terms as anticipate, believe, expect, forecast, intend, plan, project, seek, should, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 07, 2009
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.