Brazil, Russia sign oil, gas cooperation agreements

Peter Howard Wertheim
OGJ Correspondent

RIO DE JANEIRO, Dec. 29 -- During a visit to Brazil last month, Russia's President Vladimir Putin signed cooperation agreements with Brazil in the oil, natural gas, power, and renewable energy sectors that could lead to Russia's OAO Gazprom building a natural gas liquefaction plant in Brazil, Brazilian government sources told OGJ.

Brazil also signed agreements to exchange know-how on transmission lines, oil and gas pipelines monitoring systems, and waste-to-power.

Gazprom and the Brazilian Mines and Energy Ministry will meet in Russia in first half 2005 to discuss gas regulations, exploration, transport, and liquefaction processes.

Petróleo Brasileiro SA (Petrobras), Brazil's state-owned oil giant, signed a 2-year cooperation agreement with Russian companies Tise and Zarubezehnest whereby the companies will study development of joint projects including exploration and production operations, oil and gas transport, monitoring and stockpiling, and fuel distribution.

A Petrobras source told OGJ the parties discussed negotiating an accord of more than $3 billion between Petrobras and representatives of a Russian consortium that would also include construction of a refinery in Brazil with Russian equipment and technology.

Related Articles

Rockefeller bill would expand carbon dioxide EOR tax credits

05/05/2014 US Sen. John D. Rockefeller IV (D-W.Va.) introduced legislation that would increase tax credits for using carbon dioxide in enhanced oil recovery, ...

Oxy reports decrease in US, worldwide 1Q production

05/05/2014 Occidental Petroleum Corp. reported that its oil and gas production volumes in the first quarter averaged 745,000 boe/d, down from 763,000 boe/d in...

DEEPWATER GULF DECOMMISSIONING–4 (Conclusion): Pace of decommissioning to accelerate over next decade

05/05/2014 This final installment of our four-part series examining end-of-life production in the deepwater Gulf of Mexico (GOM) applies three forecast models...

Oil-price patterns—2 (Conclusion): Biggest uncertainty among forces shaping oil price: politics

05/05/2014 With the price of crude oil elevated in the first half of the 2000s by failure of world oil supply to keep pace with growing world oil demand—as wa...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected