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20031-912 - Rio de Janeiro, RJ
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Agreement between Petrobras and YPFB
Rio de Janeiro, December 18, 2009 – Petróleo Brasileiro S/A – Petrobras announces that it signed today an amendment to the gas purchase & sale agreement with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB).
The amendment is a result of the agreement between the two companies, announced on February 2007, which consider the payment for the liquid hydrocarbon fractions of the natural gas imported from Bolivia after May 2nd, 2007, that increase the calorific content above 8900 kilocalories (kcal) per cubic meter (m3). The amendment termination date is the same of the original contract and the monthly payments will be calculated based on the international market price, considering an annual minimum amount of USD 100 million and maximum of USD 180 million.
Regarding the payments related to the period before the execution of this agreement, it was already calculated the 2007 payment amount of USD 100 million and the other payments will be calculated after an agreement about the gas volume imported and its calorific content.
Petrobras reiterates the information that the gas sale agreements, already executed with distribution companies in Brazil, will not be amended.
www.petrobras.com.br/ri
Para mais informações: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Relacionamento com Investidores | E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br
Av. República do Chile, 65 - 2202 - B - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947 | 0800-282-1540
This document may contain forecasts that merely reflect the expectations of the Company’s management. Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
PETRÓLEO BRASILEIRO S.A--PETROBRAS |
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By: |
/S/ Almir Guilherme Barbassa
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Almir Guilherme Barbassa
Chief Financial Officer and Investor Relations Officer |
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