Questão 867291

Read the following text and answer items 41 to 45 below.

1 PETROBRAS is well on the road to greatly increasing

its market share of the South American oil business. The

state-run oil giant is investing more than US\$ 3 billion in a

4 strategy to spread risk, its managers say, through bold foreign

exploration.

In October 2002, PETROBRAS paid US\$ 1 billion

7 for 59% of Argentina’s second-largest oil producer, Perez

Companc (PECOM), and expects to spend another US\$ 2

billion over the next five years to beef up international

10 production, mainly in Venezuela but also in Peru, Bolivia and

Ecuador. Earlier, PETROBRAS swapped a billion dollar’s

worth of assets with Spanish-Argentine energy giant

13 Repsol-YPF for a share of Argentina’s retail gasoline and

refining business.

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Access on Feb./2004 (with adaptations)

Based on the text above, judge the following items.

In five years' time, PETROBRAS expects to strengthen its international participation in four other South American countries.