LatinNews Daily - 17 May 2010

Brazil: The state oil company Petrobras reported that first quarter net income rose 23% year-on-year to R$7.73bn (US$4.28bn). Earnings before EBITDA rose to R$15.05bn, with net revenue of R$50.4bn, up 18% year-on-year. Oil and gas output was an estimated 2.55m barrels per day, up 3.0% annually.

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