Petrobras, Bharat Petroleum sign MoU

Brazil’s Petroleo Brasileiro (Petrobras) and Indias Bharat Petroleum signed a memorandum of understanding (MoU) for cooperation in ethanol and biodesel projects on August 30. Petrobras Downstream Director, Paulo Roberto Costa, and Bharat Petroleums Executive Director, Sanjay Krishnamurti, signed the MoU at Petrobras headquarters in Rio de Janeiro, Brazil. The MOU is aimed at preparing technical studies in ethanol and biodiesel logistics and marketing, and possible exports of these goods to India and other markets abroad. (August 31, 2007)