PreSalt.com

14 Apr 2010 - by PreSalt.com - Source: Agencia Petrobras

Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA), concerning news published by the Brazilian press over the past few days, clarifies that it is working with the expectation that the Bills sent to the National Congress will be approved, and that the capitalization with the Transfer of Rights will take place no later than at the end of July of this year and that the Company is not considering the possibility of a capitalization though the issue of preferred stock (PN) only or other structures of equity issue.

31 Mar 2010 - by PreSalt.com - Source: Agencia Brasil

Brazilian Senators Francisco Dornelles (PP-RJ) and Renato Casagrande (PSB-ES) today presented an amendment to modify the distribution of royalties from oil exploration, including the pre-salt (subsalt) layer. Under the proposal, does not change the distribution of resources of the areas already tendered, whose exploration contracts have been signed.

30 Mar 2010 - by PreSalt.com - Source: Agencia Brasil

The model of profit-sharing that will be generated by the exploration of oil layer in the pre-salt (subsalt), proposed by the government to Congress, for the benefit of states, already be approved in next July, according to the minister of Institutional Relations of the Presidency of Brazil, Alexandre Padilha.