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BP, Petrobras Brasileiro form strategic alliance

Gasoil News - Published on Mon, 16 Apr 2018

Image Source: medium.com
BP has signed a MoU to explore areas of cooperation with Petróleo Brasileiro S.A. (Petrobras). Through this strategic alliance, Petrobras and BP have committed to exploring potential joint commercial agreements in areas of mutual interest in upstream, downstream, trading and across low carbon initiatives, inside and outside Brazil. The alliance is also expected to include the transfer of technology, as well as joint training and research.

Mr Pedro Parente, president of Petrobras, said that “Our partnership is based on common values and business principles that guide both companies. We started by joining forces in the last bidding rounds and now we are working to expand the partnership further, beyond upstream.”

Mr Bob Dudley, BP chief executive officer, said that “Petrobras is a world-class energy company with which BP has built strong relationships over many years. We are now excited to deepen our partnership and explore even more opportunities together across all our businesses – in the upstream, downstream, trading and low carbon – both in Brazil and beyond. We believe that working together in this alliance can deliver real value for both BP and Petrobras.”

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Posted By : Nanda Koijam on Mon, 16 Apr 2018
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