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 - 04/24
13.26 BRL   +2.63%
04/24 Petrobras says non-government board member Monforte resigns
04/24 Four Petrobras platforms halt output due to oil leak -union
04/24 Analysis - Petrobras overhaul calls for much more than corruption..
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
04/24 Petrobras says non-government board member Monforte resigns
04/24 Four Petrobras platforms halt output due to oil leak -union
04/24 Analysis - Petrobras overhaul calls for much more than corruption clean-up
04/24 PETROLEO BRASILEIRO PETROBRAS : Former director of Brazil's oil giant found guil..
04/24 PETROLEO BRASILEIRO PETROBRAS : Former director of Brazil's oil giant found guil..
04/24 Shell's Brazil strategy factors in Petrobras scandal - CEO
04/24 PRESS : Shell May Buy Petrobras Assets Put Up For Sale After Scandal - Reuters
04/24 PETROLEO BRASILEIRO PETROBRAS : Petrobras : hit by £11bn charge as scandal rolls..
04/23DJPETROLEO BRASILEIRO PETROBRAS : Petrobras Eyes Opportunities to Raise Cash -- Up..
04/23 Petrobras tries to turn page on corruption, talks oil
Advertisement
Chart
Duration : Period :
Petroleo Brasileiro Petrob Technical Analysis Chart | PETR4 | BRPETRACNPR6 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF