The president and CEO of Petrobras, José Sergio Gabrielli de Azevedo, participated today (04/15) in the “Solving the Energy Puzzle in Latin America” session, a part of the program of the World Economic Forum on Latin America. The event is bringing together, through tomorrow, in Rio de Janeiro, corporate and government leaders from all over the world to discuss opportunities in the current global scenario.
The session covered issues such as power supply in the region, investments in the development of renewable and non-renewable sources of energy, and power sector policies. To Petrobras’ CEO, it is necessary to continue investing to meet the future demand for energy.
During the afternoon, Gabrielli presided over the Energy Security Roundtable, as the Energy Community Leader 2009 for the World Economic Forum. Industry executives and Latin American leaders discussed the importance of maintaining investments in spite of the current scenario of reduced economic activities.
The participants debated that, on account of the long-term vision for the energy sector, price volatility is not relevant to ensure this funding. The major challenges the region is facing were also discussed, such as attracting capital, developing human resources and local content (infrastructure, technology, and innovation), energetic integration and investments in the several sources of energy in Latin America, among which biofuels.
Tomorrow (04/16), Petrobras’ CEO will hold a press conference at 11am, during which he will speak about the main topics that were discussed in the Forum. To participate in the news conference, journalists must register in advance with the event’s press corps.