HARRISBURG, Pa., May 16 /PRNewswire-USNewswire/ -- To expand
international opportunities for Pennsylvania businesses, the Department of
Community and Economic Development is recruiting companies to participate
in the Rio Oil & Gas Expo and Conference 2008, which will be held in Rio de
Janeiro, Brazil, in September.
The conference, considered the summit for companies that do business
with the oil and gas industry in South America, is scheduled for Sept.
15-18. DCED will provide participating companies with pre-show market
research and a customized itinerary of meetings with business prospects at
the show. Participating Pennsylvania firms will have the opportunity to
place company information in the show directory and display product
information and catalogs.
Brazil has been aggressively pursuing the discovery of oil in recent
years, mostly in off-shore deposits. The country lays claim to 14 billion
barrels in proven oil and gas reserves, with an additional 5 billion to 8
billion barrels discovered in the Tupi Field this past November. Recent
discoveries off Brazil's southeastern coast have been estimated to add
another 14 billion to 45 billion barrels to the country's reserves.
"Now is the time to explore this potentially lucrative market," said
DCED Secretary Dennis Yablonsky. "Brazil is importing more than ever before
due to its strong currency and sustained economic growth, particularly in
the energy sector. Brazilian investments in energy projects are expected to
exceed $100 billion over the next five years, and we want Pennsylvania
firms to have the opportunity participate in this emerging trend."
Pennsylvania's trade representative in Brazil recommends that
Pennsylvania companies that supply the oil and gas industry contact DCED to
determine product competitiveness for the Brazilian market.
The participation fee is $400; delegates are responsible for their
travel and lodging costs. Participation is limited to the first 10
qualifying companies. The application deadline is June 13. Opportunities
for financial assistance from DCED to help offset the cost of this mission
may be available to qualifying companies. For more information, contact
Janet Kolokithas at DCED's Center for Trade Development via
jkolokitha@state.pa.us or 717-346-0178.
CONTACT: Steve Weitzman (717) 783-1132
SOURCE Pennsylvania Department of Community & Economic
Development
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Related links:
http://www.state.pa.us
CONTACT:
Steve Weitzman of the Pennsylvania Department
of Community & Economic Development, +1-717-783-1132
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