MOSCOW, September 23 (RIA Novosti) — The Brazilian state-run corporation Petrobras says it is ready to cooperate with Russia's Transneft oil company as part of the development of a partnership between Russia and Brazil, the International Maritime Risk Rating Agency said Tuesday in a press release.
“The parties plan to consider opportunities for potential joint projects in Latin America and for experience exchange programs. Petrobras’s plans for cooperation with Transneft lie within the context of the developing partnership between Russia and Brazil,” the release stated.
Executives from Petrobras, including the company's President Jose Sergio de Oliveira Machado plan to visit Moscow in 2014 “to update themselves on current Russian approaches and technologies in oil transportation, and to meet with their counterparts from the oil pipeline company OAO AK Transneft.”
On July 14, Russian and Brazilian Presidents Vladimir Putin and Dilma Vana Rousseff met in Fortaleza, Brazil, where Rousseff said Russia could extend its presence in Brazil's oil sector.
On September 12, a new set of European Union sanctions against Russia came into force. The EU barred three major Russian oil companies (Rosneft, Transneft, Gazprom Neft) from seeking finance on European capital markets. The restrictive measures also target several other Russian entities and 24 individuals.
