Petrobras, Gazprom Start Cooperation Talks

Brazil's federal energy company Petrobras (NYSE: PBR) and Russian state gas company Gazprom have started a series of meetings to discuss the possibility of business development cooperation in the area of natural gas transport, Petrobras said in a statement.

The first meeting was held on February 9 in Petrobras' headquarters in Rio de Janeiro. Petrobras' gas and energy director Ildo Sauer met Gazprom executives from the company's financial and international departments.

The two companies will determine the basic items of joint interest and have scheduled new meetings in April and May, Petrobras said.

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