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20031-912 - Rio de Janeiro, RJ
Federative Republic of Brazil
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
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President of Petrobras at La Paz meeting
The Minister of Mines and Energy of Brazil and the President of Petrobras reiterated their total respect for the sovereign decisions of the Bolivian government and people contained in DS 28701 and expressed their willingness to implement such decisions in accordance with appropriate regulations.
Within the framework of the complementary regulations, the parties agreed to hold meetings at a technical level for reaching a decision on the following aspects:
- Conditions for conducting business during the transition phase;
- Definition of conditions and contracts necessary for the production of gas and its commercialization; and the refining process, including mechanisms and forms of negotiated compensation;
- Preconditions for the signing of the production contracts.
Agreement was reached to establish a High Level Commission, made up of both ministers and the presidents of Petrobras and YPFB. At the same time, a technical commission is to be set up, subdivided into three working groups.
The parties further agreed that the proposal for revising natural gas prices should be discussed in a rational and equitable manner under the terms of the Puerto Iguazu Declaration and within the framework of the gas supply agreement (GSA).
The procedures established at the meeting reflect the interest of the parties in further enhancing the bilateral dialog.
http: //www.petrobras.com.br/ri/english
Contacts:
Petróleo Brasileiro S.A – PETROBRAS
Investor Relations Department
Raul Adalberto de Campos– Executive Manager
E-mail: petroinvest@petrobras.com.br
Av. República do Chile, 65 - 22nd floor
20031-912 – Rio de Janeiro, RJ
(55-21) 3224-1510 / 9947
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PETRÓLEO BRASILEIRO S.A--PETROBRAS |
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By: |
/S/ Almir Guilherme Barbassa
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Almir Guilherme Barbassa
Chief Financial Officer and Investor Relations Officer |
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