PETROBRAS: PRIVATE INVESTMENT SOUGHT

Petroleos Brasileiro SA is seeking private Brazilian and foreign participation in 271 projects worth $40 billion ahead of any constitutional change to end its monopoly in Brazil. Included are possible joint ventures in exploration, production, and refining. Topping the list are JVs to develop natural gas fields in the Urucu area of Amazonas state to provide fuel for electric power plants in the Amazon region, projects budgeted at $2 billion.

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