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PBR » Topics » (e) New Investments Overseas

This excerpt taken from the PBR 6-K filed Mar 4, 2008.

(e) New Investments Overseas

On November 09, 2007, Petrobras signed a share purchase agreement to buy 87,5% of the shares of the Japanese company Nansei Sekiyu Kabushiki Kaisha (NSS) from TonenGeneral Sekiyu Kabushiki Kaisha (TGSK), for an amount of approximately US$ 50 million. The acquisition comprises a refinery with a capacity of 100.000 bpd, which refines light oil and produces high quality oil products, an oil and oil products terminal with a storage capacity of 9,6 million barrels, three piers with a capacity to receive ships laden with up to 97.000 deadweight tonnage (dwt) and a single point mooring for vessels Very Large Crude Carrier (VLCC) of up to 280.000 dwt.

The transfer of the share control is scheduled for April 2008.

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