Petrobras (PBR)

2Q09 Trade Balance

Rio de Janeiro, 06 August, 2009 – PETRÓLEO BRASILEIRO S/A - PETROBRAS, announces the result of its 2^nd quarter 2009 (2Q09) Trade Balance, based on exports and imports of oil and oil products, registered according to national and international accounting principles followed by Petrobras, without considering natural gas, liquefied natural gas (LNG) and nitrogenous. The table bellow presents detailed information.

The net export for the 2Q09 was US$ 1.45 billion, an increase of approximately 600% in relation to 2^nd quarter 2008 (2Q08), as a result of 9% increase of oil and LNG production, and the increase of the net oil and oil products export, measured by volumes, which was 267 thousand barrels per day in the 2Q09, 330% higher than the 2Q08. The net export increase was influenced by the reduction of 28% in the oil products import, highlighting the reduction of 50% of diesel import as a result of the investments in the refineries to increase its capacity to produce diesel and the reduction of the demand in the agribusiness segment and the supply of diesel to the thermo plants in the 2Q08.

*FOB Values (without freight and insurance)
**Exports calculated based on the total sales value for all the Inconterms

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