The company is looking for ways to reduce costs and limit borrowing as a world economic slowdown reduces lending to suppliers.
“We are seeking long-term proposals that will also help these countries stimulate their own industry,” Jose Sergio Gabrielli, Petrobras’ chief executive. “Because we are, by far the most active offshore oil area in the world, there is interest.”
Almir Barbassa, Petrobras’ chief financial officer, is on a tour of Asia looking to arrange finance and draw suppliers to set up in Brazil or form joint ventures to help out in developing the country’s oil resources, Gabrielli said.
