Tuesday, 22 May 2007

Petrobras, PetroChina Discuss Exploration, Refining-Project Cooperation

(Bloomberg) -- Petroleo Brasileiro SA, Brazil's
state-controlled oil company, said it is discussing ``strategic
cooperation'' with PetroChina Co.

The company may sign an initial agreement with China's
biggest oil producer by the end of this year, said Henyo T.
Barretto, president consultant at Rio de Janeiro-based Petrobras.
The accord would cover exploration and refining.


Read more at Bloomberg Emerging Markets News

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