Petro Rio S.A. ADR fka HRPTY

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Translation of message in Portuguese (per Google Translator)

Director of BNDES speaks well of HRT

http://br.reuters.com/article/businessNews/idBRKBN0HE00520140919?pageNumber=2&virtualBrandChannel=0

BNDES predicts investments of R $ 381 billion in the Oil and Gas Brazil 2015-2017

Thursday, September 18 2014 21:01 EDT

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RIO DE JANEIRO (Reuters) - Investments in Oil & Gas should grow 46 percent in Brazil Between 2015 and 2017, 2011 and 2013 Front, Para 381 billion reais, predicted THIS Thursday of the Director of Planning areas, Economic Research and Monitoring and Management Risk BNDES, João Carlos Ferraz.

The Executive to the State Development Bank said that investments in Oil and Gas In Next Two Years Vao represent between 12 percent and 14 percent of Gross Fixed Capital Formation (GFCF).

According to Ferraz, THE evaluate investments, BNDES Ira prioritize investments targeted Innovation and Technology Development.

"The Quality of this s s Investment Fara Difference" said During lecture them Oil Event in Rio de Janeiro, Rio Oil & Gas. "BNDES Continuarà be a Relevant."

The teacher does not Institu for Economics at the Federal University of Rio de Janeiro, Edmar Almeida, also present at the event, stressed the importance of finding ways for Brazilian Companies Private Petroleum have capacity Para Projects Financial Conduct SEUs.

According to him, after the crisis struck que OGX oil Eike Batista, renamed the Oil & Gas Participacoes (OGXP3.SA: Quotations) and in the bankruptcy process, as Brazilian Companies Sector HAVE FOUND difficulty obtaining new contributions.

"With the crisis of OGX closed the market, many funds: INVEST not want more," said the teacher.

"A major source Resources Today's sale of assets", said. "We're watching the national capital firms selling assets to finance."

Recently the oil company HRT Participações HRTP3.SA reduced their participation in the Solimões blocks in the Amazon, paragraph 49 percent, leaving a Russian Partner Rosneft Oil (ROSN.MM:. Quotations) As Operator of the joint venture Continued ...

He stressed that these Brazilian companies today have a very important role for onshore exploration in Brazil.


(By Marta Nogueira l)