FBN Securities Hosts Group Lunch for Petrobas on 10/18
FBN Securities is hosting a group lunch with Ted M. Helms, Executive Manager of Investor Relations at Petrobas (NYSE: PBR) on Tuesday, October 18, 2011 at 12:00pm in New York - Midtown.
Details of the group lunch are as follows:
Petroleo Brasileiro S.A. - Petrobras explores for and produces oil and natural gas. They refine, market, and supply oil products and operates oil tankers, distribution pipelines, marine, river and lake terminals, thermal power plants, fertilizer plants, and petrochemical units. The company operates in South America and elsewhere around the world.
Key Notes: In the last 5 years, more than 50% of the new discoveries (worldwide) were made in deep waters While OECD oil consumption decreasing 0.04% p.a., Brazil consumption grew 2.1%. Over the last two years, Brazilian consumption grew 20% Upgrade of Petrobras' foreign-currency risk rating from Baa1 to A3 (Moody's). Downstream capacity will increase by 395 thousand bpd between 2011-15 and 1,065 thousand bpd between 2016-2020.
