Chairman of Brazil’s Petrobrás in Angola for meetings with Sonangol

8 February 2006

Luanda, Angola, 08 Feb – The chairman of Brazilian oil company Petrobrás traveled Tuesday to Luanda to inform the managers of Angolan oil company Sonangol that his company plans to expand its activities in Angola.

Speaking to the press on arrival, José Sérgio Gabrielli de Azevedo said that Petrobás planned to take up its previous activities in Angola, which are currently reduced to a small stake.

Questioned on the possible signing of an agreement, Gabrielli de Azevedo said that the
The delegation he was heading would only have working meetings with the Head of Sonangol’s Board of Directors and other company managers linked to prospecting and production.

Petrobrás, which is the largest Brazilian company, operates in prospecting, production, importing, transport, refining and distribution of oil and natural gas.

Petrobrás, which ahs been in Angola since September 1980, annually produces 2 million barrels of oil and plans to increase that number to 3.4 million barrels from 2010. (macauhub)