Braspetro was a Brazilian state company. It was founded in 1972 as a subsidiary of

Petrobras Petróleo Brasileiro S.A., better known by and Trade name, trading as the portmanteau Petrobras (), is a Brazilian state-owned enterprise, majority state-owned multinational corporation in the petroleum industry headquartered in Rio de Janeiro. ...

to find and produce oil outside

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

. (As Petrobras had a monopoly over Brazilian oil production at the time, it was forbidden by law to operate internationally.) Its biggest discovery was Majnoon Field in

Iraq Iraq, officially the Republic of Iraq, is a country in West Asia. It is bordered by Saudi Arabia to Iraq–Saudi Arabia border, the south, Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq border, the east, the Persian Gulf and ...

. Braspetro was incorporated by Petrobras and replaced by its international board, although it still formally exists as PIB BV - Petrobras International Braspetro B.V., a

Dutch Dutch or Nederlands commonly refers to: * Something of, from, or related to the Netherlands ** Dutch people as an ethnic group () ** Dutch nationality law, history and regulations of Dutch citizenship () ** Dutch language () * In specific terms, i ...

holding company that controls Petrobras's participation in foreign countries and is 100% owned by Petrobras.

External links

Braspetro record

Petrobras Oil and gas companies of Brazil Transport companies established in 1972 Non-renewable resource companies established in 1972 Brazilian companies established in 1972 {{Brazil-company-stub