May 26, 2009

PETROLEO BRASILEIRO: Facing Legal Actions on Araucaria Oil Spill

COMPANIES: Petroleo Brasileiro SA - Petrobras

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Petroleo Brasileiro S.A.-PETROBRAS continues to face legal action over a rupture of the Araucaria-Paranagua pipeline, which resulted in an oil spill.

On Feb. 16, 2001, the Company’s Araucaria-Paranagua pipeline ruptured as a result of an unusual movement of the soil and…

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TOPICS: Chemicals/Petrochemicals/Plastics | Earnings | Legal Issues, Litigation | Loans & Financing | Natural Gas | Oil | Petroleum | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US

LOCATIONS: Brazil