Executive: Russia's Gazprom Seeking Brazil Oil, Gas Investments


RIO DE JANEIRO, June 8 (Reuters) - Russia's Gazprom is considering investments in oil and natural gas in Brazil and may bid for exploration rights in the country's 13th-Round concession auction in October, Shakarbek Osmonov, director for Brazil and Latin America, told Reuters.

Gazprom, the world's largest natural gas producer, is also considering offers for stakes in fields and exploration areas being put up for sale by Brazil's state-run oil company Petroleo Brasileiro SA, Osmonov said on the sidelines of an event in Rio de Janeiro.

Petrobras, as the company is known, is trying to sell $13.7 billion of assets to boost cash for investment and to pay debt.

(Reporting by Marta Nogueira; Writing by Jeb Blount)


Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours