Petrobras CEO: Ready to Enter Kazakh Market
Thursday, April 14, 2011
Asia Pulse Pte. Ltd.
Petrobras, the Brazilian energy giant, is hoping to enter Kazakhstan's oil sector and is currently in cooperation talks with the state-owned oil firm, KazMunayGas, to do so.
"Kazakhstan is the largest crude oil producer of the world. We have had some business meetings with the KazMunayGas executives to discuss possible cooperation between the companies," CEO of Brazil's Petrobras Jose Sergio Gabrieli told Kazinform agency.
According to him, Petrobras is ready to work together with Kazakh oil and gas companies.
"Unfortunately, we have no business ties with Kazakhstan to date, but we hope to tune up cooperation soon," he said.
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