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Petrobras seeks partners for Tanzanian oil and gas venture

Petrobras have said it is looking for partners to join its oil and gas exploration projects in Tanzania

Petrobras, the Brazilian oil and gas firm said on Wednesday it was looking for partners to join its oil and gas exploration projects in Tanzania.

"We will be opening opportunities to receive partners in these (Tanzanian) blocks," Carlos Rodrigues, senior adviser for business development at Petrobras, said at the Africa Upstream 2008 oil conference in Cape Town.

Petrobras produces more than 2 million barrels of oil equivalent per day and is a major distributor of oil products, particularly in South America. The company also owns oil refineries and oil tankers.

Author: Jo Amey