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)
WHAT DO YOU THINK?
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.
- Ukraine And Russia Both Claim Victory In Gas Dispute (Dec 22)
- Gazprom to Splurge on EU Gas Pipe as US Weighs Penalties (Dec 19)
- Court Rejects PGniG's Attempt To Limit Gazprom's Use Of Opal Pipeline (Oct 13)
Company: Petroleo Brasileiro more info
- Brazil Oil Union Says Petrobras Pushing Back Against Strike (Nov 06)
- Executive: Russia's Gazprom Seeking Brazil Oil, Gas Investments (Jun 08)
- Petrobras Abandons Deepwater Prospect In Brazil's Top Region (May 27)