RIO DE JANEIRO, Brazil, July 29 /PRNewswire-FirstCall/ -- Petrobras (NYSE: PBR/PBRA) (BOVESPA: PETR4) announces the following video webcast:

    What:    Ceremony for the signature of funding agreements between BNDES
             and Petrobras
    When:    Thursday, July 30, 2009 at 4:00 PM ET
    Where:   http://www.agenciapetrobrasdenoticias.com.br
    How:     Live over the Internet -- Simply log on to the web at the address
             above.

Contact: Press Management for Corporate Comunications, +55 21 3224-1306 / +55 21 3224-2312, or e-mail, imprensa@petrobras.com.br

If you are unable to participate during the live webcast, the call will be archived at http://www.agenciapetrobrasdenoticias.com.br/default_en.asp .

About the event:

Petrobras and the National Development Bank (BNDES) will sign a funding agreement worth approximately R$25 billion next Thursday (07/30) at 5 PM. The event will be attended by the president of the Republic, Luiz Inacio Lula da Silva.

The resources will be used to fund the projects foreseen by Petrobras' Business Plan for the 2009-2013 period, which are included in the Growth Acceleration Program (GAP). Petrobras' Business Plan calls for total investments in the order of $174.4 billion in the upcoming five years.

SOURCE Petrobras