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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: hoyasaxa who wrote (9419)	11/4/1998 5:07:00 PM
From: Steve Fancy	Respond to of 22640

jg, I've heard if it, but never followed through. I'll look around. Thanks, sf

To: hoyasaxa who wrote (9419)	11/4/1998 5:50:00 PM
From: Tony van Werkhooven	Read Replies (1) \| Respond to of 22640

The following is from Hoover: Petrobras Distribuidora S.A. Rua General Canabarro, 500 - 16 Andar 20271-201 Rio de Janeiro, Brazil Phone: +55-21-566-4477 Fax: +55-21-264-3989 br-petrobras.com.br -------------------------------------------------------------------------------- Petrobras Distribuidora is the retail distribution arm of Brazil's state-owned oil company, Petroleo Brasileiro (Petrobras), which is also the country's largest government-controlled business. From its warehouses and more than 7,000 service stations (including one floating on the Amazon), Petrobras Distribuidora furnishes the nation with petroleum derivative products, including gasoline, lubes, fuel oil, hydrated alcohol, and natural gas. It is also Brazil's largest distributor of aviation fuel. Petrobras Distrbuidora exports its products to 14 other Latin American countries, Europe, and Africa. Top Competitors: Brasileira de Petroleo Ipiranga -- Shell Brasil NEWS -------------------------------------------------------------------------------- Current News Stories Mentioning Petrobras Distribuidora KEY NUMBERS -------------------------------------------------------------------------------- OTC : PTBRY Fiscal Year-End: December 1997 Sales (mil.): $7,763.4 1-Yr. Sales Growth: 14.0% 1997 Net Inc. (mil.): $126.2 1-Yr. Net Inc. Growth: (5.5%) 1997 Employees: 41,173 1-Yr. Employee Growth: (5.3%)

To: hoyasaxa who wrote (9419)	11/5/1998 12:21:00 PM
From: Steve Fancy	Respond to of 22640

Brazil's Petrobras, Perez Companc To Sign Oil Pact Fri Dow Jones Newswires BUENOS AIRES -- Brazil's state-owned energy giant Petroleo Brasileiro SA (E.PTB), or Petrobras, expects to sign an off-shore oil agreement Friday with a group led by Argentina's Perez Companc SA (E.CNP), Petrobras President Joel Renno said Thursday. Renno, in a brief interview, said the accord would give the consortium of Perez Companc and the U.S.'s Kerr-McGee Corp (KMG) three-year exploration rights to the Tucano Basin, in northeastern Brazil. The pact also will include rights for 25 years to hydrocarbon production in the area. The project will require an initial investment of $12 million, he said. Renno didn't provide further details. He is in Argentina to attend the inauguration of Petrobras's first service station outside of Brazil, in the Argentine city of Zarate. A Petrobras spokesman in Rio de Janiero said he didn't have any information on the expected agreement. Perez Companc officials in Buenos Aires couldn't be immediately reached. But in an interview last month, Perez Companc investor relations manager Daniel Rennis said the signing of the accord was imminent, and that Perez Companc would hold a 35% stake in the consortium and serve as operator. At that time, Rennis said Perez Companc was seeking exploration rights beyond three years. Perez Companc SA (E.CNP), Argentina's top industrial company, ranks second in oil output and reserves; is a major refiner and pipeline operator; and has interests in electricity, telecommunications and transportation. Headquarters: Bartolome Mitre 575, 1036 Buenos Aires. Significant developments: In January 1997, Vice Chairman Eduardo Casabal resigned for personal reasons, while Perez Companc and Brazil's Copesul announced plans for a $200-million petrochemical plant. In April, Vice Chairman Oscar Vicente also become CEO amid a broader management reshuffle. In May, Perez Companc, Argentina's YPF SA (YPF) and Canada's Agrium Inc (AGU) agreed to build a $620-million nitrogen fertilizer plant, the world's largest. In August and September, Perez Companc sold off $274.6 million in telecommunications and real-estate assets. In July 1998, Perez Companc agreed to sell its 25% stake in the consortium that controls gas distribution company MetroGas SA (MGS) for $75 million to the U.K.'s BG PLC (BGS); and announced plans to spend $168 million to explore for natural gas in eastern Bolivia. All figures are in pesos. 2Q 2Q FY FY ended ended ended ended 06/30/98 06/30/97 12/31/97 12/31/96 Sales 411.0 Mln 413.0 Mln 1.62 Bln 1.32 Bln Net Income 50.0 Mln 81.0 Mln 361.0 Mln 365.0 Mln Currency History (peso vs U.S. dollar) 06/30/98 06/30/97 12/31/97 12/31/96 1.0000 1.0000 1.0000 1.0000 -By Helen Murphy and Christopher Chazin; 541-315-1690; cchazin@ap.org

To: hoyasaxa who wrote (9419)	11/5/1998 12:22:00 PM
From: Steve Fancy	Respond to of 22640

November 5, 1998 Brazil's Petrobras To Ink $1.6B Loan In Nov - Renno Dow Jones Newswires BUENOS AIRES -- The president of Petroleo Brasileiro SA (E.PTB), or Petrobras, said Thursday he expects the state-owned energy giant to land a $1.6-billion syndicated bank loan in late November to finance three projects in Brazil's Campos Basin. In a brief interview, Petrobras chief Joel Renno said the loan would carry a maturity of 12 to 15 years. Proceeds would be used to finance projects in the Espadarte, Voador and Marimba areas of Campos, located northeast of Rio de Janeiro, he said. Renno, attending the inauguration of Petrobras's first service station outside Brazil in the Argentine city of Zarate, didn't provide further details. As reported, Petrobras signed a letter of intent for the financing last month, but provided few details. It said it signed the letter with ABN-Amro Inc, Australia & New Zealand Banking Group Ltd (ANZ), Chase Manhattan (CCF), Credit Suisse First Boston (Z.CSG), Fuji Bank Ltd (J.FUJ), and Banco of Tokyo-Mitsubishi (J.BOT). The fields have 428 million barrels of reserves. Petrobras expects they will reach peak production, of 72,500 barrels per day, in 2000. -By Helen Murphy and Christopher Chazin; 541-315-1690; cchazin@ap.org