Petrobras is a state-run, publicly-tradec company controlled by the Brazilian government via The Ministry of Mines and Energy. Founded in 1953, it is the leader of the oil industry in Brazil. In late 2009, it was rated the world’s fourth largest energy company in market value, according to a ranking of the PFC Energy consultancy group.
In the oil, gas, and energy industry, it operates in an integrated manner in exploration and production (E&P), refining, trade, transportation, petrochemicals, oil products distribution, natural gas, electric energy, and biofuels. Besides Brazil, the company is present in 27 other countries with exploration and production, refining, distribution, commercialization, petrochemicals, and gas & energy activities and with representation offices. It has also international cooperation agreements for the development of the oil production chain.
The Petrobras System is composed of Petróleo Brasileiro S.A., its subsidiaries, holdings, joint holdings, and associated companies. A few of the companies comprising the System are Petrobras Distribuidora S.A. (Petrobras Distribuidora), Petrobras Transporte S.A. (Transpetro), Petrobras Química S.A. (Petroquisa), and Petrobras Biocombustível S.A.
The main products that come out of our refineries are diesel fuel, liquefied petroleum gas, gasoline, lubricants, naphtha, fuel oil, and jet fuel. Any potential client for gasoline or diesel fuel must be registered as a distributor by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), and its registration record must have been published in the Official Gazette. Our main customers are companies operating out of the highway transportation, agricultural and cattle raising, industrial, air transportation, railway or waterway markets. In distribution, in addition to the final consumer at service stations, other major customers stand out, such as industries, thermoelectric plants, aviation companies and light- and heavy-duty vehicle fleets.
Petrobras does not set the price that is charged for its products on its own. In Brazil, the final consumer price includes taxes and marketing margins, plus the cost of additives used in the blends. In the case of gasoline, the Interministerial Council for Sugar and Alcohol (Cima) set the proportion of ethanol in fuel, which can vary from 20% to 25%. For diesel, the National Energy Policy Council (CNPE) determined that 5% of the final volume of the diesel sold at pumps must contain biodiesel, a renewable fuel made from vegetable oils or animal fats.