Russia's President Pays Visit to Petrobras' HQ for Energy Pow-Wow

Petrobras has welcomed the president of the Russian Federation, Dimitri Medvedev, at the company's headquarters on November 25. During the meeting, held at Petrobras' main office building, in Rio de Janeiro, the president and CEO of Petrobras, Jose Sergio Gabrielli de Azevedo, presented details on the Company's performance in Brazil and abroad.

The purpose of the visit was to single out opportunities for cooperation between Petrobras and Russian companies in areas such as oil and natural gas exploration and production, research and development, services, and biofuels.

Petrobras has a memorandum of understandings signed with Gazprom, Russia's biggest company with important performance in the natural gas sector, in addition to being the world's largest producer and holder of gas reserves. The purpose of the document is to assess opportunities for partnerships between the companies.