🕐10.02.12 - 06:54 Uhr

PETROBRAS - PRESS RELEASE: PETROBRAS APPROVES LEASING CONTRACT FOR POTASH ASSETS AND MINING RIGHTS.



Dear Mr/Mrs Ramin Farzanehfar,

 

 
 
 
Rio de Janeiro, February 9th, 2012 – Petróleo Brasileiro S.A.

(Petrobras) announces that it has completed negotiations and will soon execute a lease execute a leasing contract for potash of potash assets and mining rights with Vale S.A.

(Vale), for a 30-year period, in the state of Sergipe.
 
Under the contract, Petrobras will be compensated for the production of potash in the area and Vale will make further investments in order to proceed with operations at the Taquari-Vassouras mine and for the development of a new potash production project.
  
 
 
Sincerely,

Investor Relations.
 

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www.petrobras.com.br/ri/english
Contacts: PETRÓLEO BRASILEIRO S.

A.

- PETROBRAS
Investor Relations Department I E-mail: /
Av.

República do Chile, 65 – 22nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947

This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) 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 forward-looking statements.

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.

 




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