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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of December, 2005
Commission File Number 1-15106
PETRÓLEO BRASILEIRO S.A. - PETROBRAS
(Exact name of registrant as specified in its charter)
Brazilian Petroleum Corporation - PETROBRAS
(Translation of Registrant's name into English)
Avenida República do Chile, 65
20031-912 - Rio de Janeiro, RJ
Federative Republic of Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
Results of the new energy auction
(Rio de Janeiro, December 19, 2005). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA], a Brazilian international energy company, announces that it took part in the first new energy auction on Friday, December 16, selling 1,391 MW to the market. The final auction result represents sales of available energy from the Companys power plants generating fixed revenue for a term of 15 years in current values of R$ 199,842,928.00/year from 2008 with the sale of 352 MW, of an additional R$ 210,878,250.00/year from 2009 with the sale of a further 469 MW and an additional R$ 277,927,992.00/year from 2010 from the sale of 570 MW. Additionally Petrobras will be remunerated for variable costs of operation, as per already established parameters and the effective dispatch of the power plants.
The proactive participation in this auction is in line with the objectives established in the Strategic Plan for consolidating Petrobras as an integrated energy company with a strong international presence and as a leader in Latin America acting with social and environmental responsibility in a safe and profitable manner.
http: //www.petrobras.com.br/ri/english
Contacts:
Petróleo Brasileiro S.A PETROBRAS
Investor Relations Department
Raul Adalberto de Campos Executive Manager
E-mail: petroinvest@petrobras.com.br
Av. República do Chile, 65 - 4th floor
20031-912 Rio de Janeiro, RJ
(55-21) 3224-1510 / 9947
This document may contain forecasts that merely
reflect the expectations of the Companys management. Such terms as anticipate,
believe, expect, forecast, intend, plan, project,
seek, should, along with similar or analogous expressions, are used to identify such forecasts.
These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore,
the future results of operations may differ from current expectations, and readers must not base their
expectations exclusively on the information presented herein.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
PETRÓLEO BRASILEIRO S.A--PETROBRAS |
|
By: |
/S/ José Sergio Gabrielli de Azevedo
|
|
José Sergio Gabrielli de Azevedo
Chief Financial Officer and Investor Relations Director |
FORWARD-LOOKING STATEMENTS
This press release may contain
forward-looking statements. These statements are statements that are not historical
facts, and are based on management's current view and estimates offuture economic circumstances,
industry conditions, company performance and financial results. The words "anticipates", "believes",
"estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended
to identify forward-looking statements. Statements regarding the declaration or payment of dividends,
the implementation of principal operating and financing strategies and capital expenditure plans, the
direction of future operations and the factors or trends affecting financial condition, liquidity or
results of operations are examples of forward-looking statements. Such statements reflect the current
views of management and are subject to a number of risks and uncertainties. There is no guarantee that
the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.