petrobras eyes gas opportunities 2009, page-12

My first post about Petrobras 2009 was moderated because of concerns about copyright. So in my recent post, I made the central points and named the Reuters' source, including the web reference where people could read the original report.

Instead of constructive comments, I mostly got childish comments - would people please be constructive or shut up!

Here we have evidence of Petrobras' intentions for Australia and Asia from their 2009 announcements, as reported by Reuters.

Petrobras unveiled in January 2009 a huge plan to invest $174 billion between 2009 and 2013, up 55 percent from the $112.4 billion planned for 2008-2012, bucking the wider trend of oil firms cutting their spending amid economic downturn. PERHAPS THEY UNDERSTAND THE IMPLICATIONS OF PEAK OIL?

Davidovich said of the total investment, $15.9 billion would go for the international business and 20 percent of investment in international business would go for new business, including Asia Pacific.

THAT SUGGESTS OVER $3 BILLION IN OUR REGION, INCLUDING AUSTRALIA

Asked when she expects to make progress in seeking gas opportunities in Asia Pacific, she said:

"I hope it's not that far away. I hope it's in near future."

NOW IF ANYONE DOES NOT LIKE THAT, ALL I CAN STAY IS BAD LUCK! IF IT IS PETROBRAS, IT IS THEIR PREROGATIVE TO DECIDE WHEN THEY ANNOUNCE A FINAL DEAL