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This excerpt taken from the PBR 6-K filed Aug 13, 2008. 22.1 Natural gas purchase commitment Petrobras signed an agreement with Yacimentos Petrolíferos Fiscales Bolivianos - YPFB to purchase a total of 201,9 billion m3 of natural gas during the term of the contract, undertaking to purchase minimum annual volumes at a price calculated according to a formula tied to the price of fuel oil. The agreement is effective until 2019 and will be extended until the total contracted volume has been consumed. During 2002 and 2005 Petrobras bought less than the minimum volume established in the agreement with YPFB and paid US$ 81.409 thousand (equal to R$ 129.531 thousand as of June 30, 2008) on account of unshipped volumes, the credits of which will be realized through withdrawals of future volumes.
This excerpt taken from the PBR 6-K filed Mar 4, 2008. 23.1 Natural gas purchase commitment Petrobras signed contracts with Yacimentos Petrolíferos Fiscales Bolivianos - YPFB, in force until 2019, to purchase natural gas, undertaking to purchase minimum volumes at a price calculated according to a formula tied to the price of fuel oil. During 2002 and 2005 Petrobras bought less than the minimum volume established in the agreement with YPFB and paid US$ 81.409 thousand (equal to R$ 144.136 as of December 31, 2007) on account of unshipped volumes, the credits of which will be realized through withdrawals of future volumes.
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