Post by Sapphire Capital on Jul 12, 2008 2:40:18 GMT 4
Petrobras
Link: www2.petrobras.com.br/ingles/index.asp
On October 3, 1953, Law 2,004 was sanctioned, which established the government's monopoly in all the oil sector's integral activities:
Surveying and mining of oil wells and other fluid hydrocarbons and rare gases in national territory;
Refining of domestically produced or imported oil;
The transport by sea of domestically produced crude oil and imported oil products;
Transport, by means of pipelines, of crude oil and its by-products as well as rare gases from whatever origin.
Law 2,004 would also establish that the government was authorized to set up Petróleo Brasileiro S.A. - Petrobras, as a state-owned oil company to run this monopoly, including all activities related to those areas falling under the monopoly.
In this way, Petrobras was founded on March 12th, 1954, during the 82nd Extraordinary Session of the CNP. On April 2nd, 1954, the government approved the decision in Decree Nº 35,308.
2006 Data
NET EARNINGS (R$ million)
R$ 158.239
NET INCOME (R$ million)
R$ 25.919
INVESTMENTS (R$ billion)
R$ 33,7
SHAREHOLDERS
247.580
EXPLORATION
63 rigs (44 offshore)
RESERVES (SEC CRITERION)
11.458 billion barrels of oil and gas equivalent (boe)
PRODUCTIVE WELLS
12.895 (725 offshore)
PRODUCTION PLATFORMS
103 (76 fixed; 27 floating)
DAILY PRODUCTION
1.920 barrels per day (bpd) of oil and LPG
378.000 barrels per day of natural gas
REFINERIES
16
YIELD FROM REFINERIES
1.872 million barrels a day
PIPELINES
31.089 Km
TANKER FLEET
155 (51 belonging to Petrobras)
GAS STATIONS
5.870 active (638 of its own)
FERTILIZERS
3 plants: 1,852 metric tons of ammonia and 1,598 metric tons of urea
Financial Structures especially such involving International Investors are handled by Petrobras International Finance Corporation (PIFCo), they usually have an agreement with Bank of New York as a depositary, for those outside the US the company mainly uses Bank of New York (Luxembourg) and for information in the last years D.F. King & Co., Inc. as information agent.
D.F.King & Co Inc can be contacted at 1- (212) 269-5550 for banks and brokers or at (800) 859-8508 for all others, or in writing at 48 Wall Street, 22nd Floor, New York, New York 10005.
The old Petrobras bonds from November 30, 1957 and February 17, 1959 where mainly converted into National Treasury Bonds during the nationalization under the pressure from IMF and US which can only be used to pay specific Brazilian government debts. Without exchange very few have any worth today, the few that have need careful evaluation.
There are falsifications all over the world which are offered in scams soliciting investments, providing collateral against a fee and even for credit enhancement.
The use of falsified securities or in-valid securities in financial transaction is mainly treated as fraud in most countries.
There are also those, mostly US Investors, who never agreed to the debt rescheduling arrangements and purport the view that their bonds are still active and valuable. I do not share this view, nor does the US Government or the Brazilian Courts do.
Link: www2.petrobras.com.br/ingles/index.asp
On October 3, 1953, Law 2,004 was sanctioned, which established the government's monopoly in all the oil sector's integral activities:
Surveying and mining of oil wells and other fluid hydrocarbons and rare gases in national territory;
Refining of domestically produced or imported oil;
The transport by sea of domestically produced crude oil and imported oil products;
Transport, by means of pipelines, of crude oil and its by-products as well as rare gases from whatever origin.
Law 2,004 would also establish that the government was authorized to set up Petróleo Brasileiro S.A. - Petrobras, as a state-owned oil company to run this monopoly, including all activities related to those areas falling under the monopoly.
In this way, Petrobras was founded on March 12th, 1954, during the 82nd Extraordinary Session of the CNP. On April 2nd, 1954, the government approved the decision in Decree Nº 35,308.
2006 Data
NET EARNINGS (R$ million)
R$ 158.239
NET INCOME (R$ million)
R$ 25.919
INVESTMENTS (R$ billion)
R$ 33,7
SHAREHOLDERS
247.580
EXPLORATION
63 rigs (44 offshore)
RESERVES (SEC CRITERION)
11.458 billion barrels of oil and gas equivalent (boe)
PRODUCTIVE WELLS
12.895 (725 offshore)
PRODUCTION PLATFORMS
103 (76 fixed; 27 floating)
DAILY PRODUCTION
1.920 barrels per day (bpd) of oil and LPG
378.000 barrels per day of natural gas
REFINERIES
16
YIELD FROM REFINERIES
1.872 million barrels a day
PIPELINES
31.089 Km
TANKER FLEET
155 (51 belonging to Petrobras)
GAS STATIONS
5.870 active (638 of its own)
FERTILIZERS
3 plants: 1,852 metric tons of ammonia and 1,598 metric tons of urea
Financial Structures especially such involving International Investors are handled by Petrobras International Finance Corporation (PIFCo), they usually have an agreement with Bank of New York as a depositary, for those outside the US the company mainly uses Bank of New York (Luxembourg) and for information in the last years D.F. King & Co., Inc. as information agent.
D.F.King & Co Inc can be contacted at 1- (212) 269-5550 for banks and brokers or at (800) 859-8508 for all others, or in writing at 48 Wall Street, 22nd Floor, New York, New York 10005.
The old Petrobras bonds from November 30, 1957 and February 17, 1959 where mainly converted into National Treasury Bonds during the nationalization under the pressure from IMF and US which can only be used to pay specific Brazilian government debts. Without exchange very few have any worth today, the few that have need careful evaluation.
There are falsifications all over the world which are offered in scams soliciting investments, providing collateral against a fee and even for credit enhancement.
The use of falsified securities or in-valid securities in financial transaction is mainly treated as fraud in most countries.
There are also those, mostly US Investors, who never agreed to the debt rescheduling arrangements and purport the view that their bonds are still active and valuable. I do not share this view, nor does the US Government or the Brazilian Courts do.