Brazilian president urges Petrobras to invest overseas

06/01/2009
Brazil’s President Luiz Inacio Lula da Silva, on a state visit to Turkey, said his country’s state-operated Petroleo Brazileiro SA (Petrobras) should not hesitate to invest in overseas oil and gas projects.The Brazilian president’s remarks came as the country’s oil and gas regulator, the Agencia Nacional do Petroleo (ANP), aiming to step up discoveries at home, denied a Petrobras request for extensions on its concessions in the pre-salt layer.“[Overseas investments] will help the company have more access to sources of oil,” Lula said in Turkey, adding, “Gasoline prices, which are already cheap in Brazil, could become even cheaper [with more overse...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

ogj horizontal rule