René Muschter
Research Expert covering Industry & Mobility
Petrobras - statistics & facts
Petrobras – short for Petróleo Brasileiro S.A. – a Brazilian corporation headquartered in Rio de Janeiro, is one of the largest oil and gas companies in the world and by far the largest in the oil and gas sector in Brazil, in terms of revenue. The corporation was established in 1953 to exert government control over oil exploration, production, refining, and distribution in the country. Although the company’s monopoly legally ended in 1997, Petrobras still holds a large share of the national oil and fuel industries.
