Member access

4-Traders Homepage  >  Shares  >  BOLSA DE VALORES DE SAO PAULO  >  Petroleo Brasileiro Petrobras SA    PETR4   BRPETRACNPR6

End-of-day quote. End-of-day quote BOLSA DE VALORES DE SAO PAULO - 05/22
13.08 BRL   -2.75%
05/22 PETROLEO BRASIL : Petrobras : - We have signed a US$5 billion fundin..
05/21DJPETROLEO BRASIL : Brazil Opposition Party to Pursue Criminal Complai..
05/21DJBrazil Police Make New Arrest in Petrobras Probe
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Petroleo Brasileiro Petrobras SA : Brazil's Rousseff Meets Nigerian Leader for Trade Talks

02/23/2013 | 07:04am US/Eastern

ABUJA (AFP)--Brazil's President Dilma Rousseff met with Nigeria's leader Goodluck Jonathan in Abuja on Saturday for talks that were expected to focus on boosting trade, notably in the energy sector.

Oil-rich Nigeria is Brazil's main commercial partner in Africa, with bilateral trade soaring 500% from $1.5 billion in 2002 to $9 billion last year.

Brazil's state-owned oil company Petrobras (PBR, PETR4.BR) has invested hundreds of millions of dollars in Nigeria's coal, oil, natural gas and alternative energy sectors.

Experts say that Brazil is looking to expand energy ties with Nigeria, Africa's top oil producer, to fuel its growing economy.

At a major industry conference in Abuja last month, Nigeria's Oil Minister Diezani Alison-Madueke said that growing oil and gas production in the United States had begun affecting Nigerian exports and that the west African nation would have to look to different markets.

The fall is US exports was due in part to a rise in American shale oil production, including through new technologies like fracking, Alison-Madueke said.

Rousseff arrived in Nigeria after attending the Africa-South America summit in Equatorial Guinea, also a significant west African oil producer.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on PETROLEO BRASILEIRO PETROB
05/22 PETROLEO BRASILEIRO PETROBRAS : Petrobras : - We have signed a US$5 billion fund..
05/21DJPETROLEO BRASILEIRO PETROBRAS : Brazil Opposition Party to Pursue Criminal Compl..
05/21DJBrazil Police Make New Arrest in Petrobras Probe
05/21 PETROLEO BRASILEIRO PETROBRAS : Petrobras : Signs US$5 Billion Funding Agreement..
05/20DJBrazil Lawmaker to Request Exhumation of Late Figure in Petrobras Scandal
05/20 PETROLEO BRASILEIRO PETROBRAS : Petrobras: Oil and natural gas production on Apr..
05/20 PETROLEO BRASILEIRO PETROBRAS : Skandi Angra delivered and on-hire with Petrobra..
05/20DJChina ICBC's Leasing Arm Signs $3 Billion Equipment Agreement With Brazil's P..
05/20DJChina ICBC's Leasing Arm Signs $3 Billion Equipment Agreement With Brazil's P..
05/20 OFFSHORE OIL ENGINEERING : to Help Petrobras Build FPSOs
Advertisement
Chart
Duration : Period :
Petroleo Brasileiro Petrob Technical Analysis Chart | PETR4 | BRPETRACNPR6 | 4-Traders
Income Statement Evolution
More Financials