Petrobras

Petrobras (NYSE:PBR), short for Petr?leo Brasileiro S.A., is a Brazilian oil company headquartered in Rio de Janeiro. The company was founded in 1953 mainly due to the efforts of the Brazilian President Get?lio Vargas. While the company ceased to be Brazil's oil monopoly in the late 1990s, it remains a significant oil producer, with output of more than 2 million barrels of oil equivalent per day, as well as a major distributor of oil products. The company also owns oil refineries and oil tankers. Petrobras is renowned for its development of advanced technology from deepwater and ultra-deep water oil production. Roughly 30% of Petrobras' stock is owned by the Brazilian government, however privately held portions are traded on Bovespa, where it is part of the Ibovespa index.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Brazil: The Federative Republic of Brazil (Rep?blica Federativa do Brasil in Portuguese) is the largest and most populous country in Latin America, and the fifth largest in the world. Spanning a vast area between central South America and the Atlantic Ocean, it borders Uruguay, Argentina, Paraguay, Bolivia,...

Oil: Oil is a generic term for organic liquids that are not miscible with water. The name comes from Latin oleum (olive oil)....

Rio de Janeiro: :This article is about the city called Rio de Janeiro. For the state with the same name, see Rio de Janeiro (state)....