QUOTE AND NEWS
Forbes  Feb 15  Comment 
Labor unions intend to disrupt Petrobras asset sales. Will it impact the oil firm's credit rating and divestiture plan?
Benzinga  Feb 11  Comment 
Alan Knuckman of Bulls-Eye Option said on Bloomberg Markets that he would buy Petroleo Brasileiro SA Petrobras (ADR)(NYSE: PBR), because it could benefit from the strength in crude oil. He added that crude oil bounces back after each push lower,...
Motley Fool  Feb 10  Comment 
Petrobras stock soared 137% last year, but worries over expensive deepwater development could soon overshadow the euphoria from sweeping debt reduction.
Reuters  Feb 2  Comment 
Petroleo Brasileiro SA remains undecided about the sale of some refineries, a sign Brazil's state-controlled oil company might be leaning toward forming partnerships by...
Reuters  Feb 1  Comment 
Brazil's federal audit court on Wednesday postponed a decision regarding asset sales by state-controlled oil company Petroleo Brasileiro SA, leaving in place a court order...
Financial Times  Jan 30  Comment 
Former Brazil billionaire returns from US after police hunt linked to Petrobras inquiry
Financial Times  Jan 26  Comment 
Sweeping Petrobras investigation targets highest-profile business figure yet
Reuters  Jan 26  Comment 
* Petrobras announces early tender results and early settlement for cash tender offers




RELATED WIKI ARTICLES
 

Petroleo Brasileiro SA, also known as Petrobras, is a Brazil based holding company that engages in the exploration, production, refining, and sale of crude oil and other energy sources. Petrobras operates over 100 production platforms, 16 refineries, 30,000 kilometers of transportation ducts and more than 6,000 gas station in Brazil, Argentina, Mexico, Portugal, the United States, Peru and Turkey.[1]

While almost all of Petrobras’s barrels of oil and gas reserves come from Brazil, the company has the potential of becoming a major net exporter of oil.[2] In particular, Chinese energy companies and Chinese banks agreed in to finance the development of Petrobras’s offshore oil fields in exchange for guaranteed supplies of oil once the fields developed. However, low oil prices have the potential of reducing Petrobras’s exploration efforts because of the expensive equipment and technology required to develop deepwater oilfields.[3] Despite low gasoline and diesel prices, Petrobras plans to continue expanding its domestic refining and distribution operations.


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Competition

Petrobras remains the largest government owned oil company in Brazil, so it faces very little competition on its home turf. It is difficult for competitors to enter the market given the preferential treatment Petrobras has with the Brazilian government. Despite the opening up of the Brazilian oil market, Petrobras has maintained its market share.



References

  1. Reuters: PBR Profile
  2. Reuters: PBR Profile
  3. moneymornings.com: Petrobras will be poised for big economic gains
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