Brazilian Petroleum Corporation - Petrobras was incorporated in Brazil on October 3, 1953. The company has large proven reserves and operates and produces most of Brazil's oil and natural gas. The most important parts of the proven reserves are located offshore in the adjacent Campos and Santos basins in southeastern Brazil. The company operates most of Brazil's refining capacity. The company's refining capacity is mainly concentrated in southeastern Brazil, in the country's most populous and most industrialized market, adjacent to most of the crude oil producing areas in the Campos and Santos basins. The company distributes petroleum products through wholesalers and retailers. The company is also involved in the Brazilian natural gas market, including the logistics and processing of natural gas. 

PBR.A