EXHIBIT 8.1
The following diagram sets forth our significant consolidated subsidiaries:
Subsidiaries and Consolidated Entities | Percentage Ownership | Country of | Activity | ||||
Petrobras Química S.A. - PETROQUISA | 99.00 | % | Brazil | Petrochemical | |||
Petrobras Distribuidora S.A. - BR | 99.20 | Brazil | Distribution | ||||
BRASPETRO Oil Services Company -BRASOIL | 99.99 | Cayman Islands | International operations | ||||
BRASPETRO Oil Company - BOC | 99.99 | Cayman Islands | International operations | ||||
PIB -Petrobras Internacional -BRASPETRO B.V. (1) | 99.99 | The Netherlands | International operations | ||||
Petrobras Energia Ltda. | 100.00 | Brazil | Energy | ||||
Petrobras Negócios Eletrônicos S.A. | 99.95 | Brazil | Corporate | ||||
Petrobras Gás S.A. - GASPETRO | 99.90 | Brazil | Gas transportation | ||||
Petrobras International Finance Company -PIFCO | 99.99 | Cayman Islands | International Commercialization and Finance | ||||
Petrobras Transporte S.A. - TRANSPETRO | 100.00 | Brazil | Transportation | ||||
Downstream Participações S.A. | 99.99 | Brazil | Refining and distribution | ||||
Petrobras Netherlands BV | 100.00 | The Netherlands | Explorations and Production | ||||
UTE Nova Piratininga Ltda. | 100.00 | Brazil | Energy | ||||
TERMOR Participações S.A. | 100.00 | Brazil | Energy | ||||
TERMORIO S.A. (3) | 50.00 | Brazil | Energy | ||||
TERMOBAHIA Ltda. (3) | 29.00 | Brazil | Energy | ||||
Ibiritermo S.A. (3) | 50.00 | Brazil | Energy | ||||
EVM Leasing Co. (2) | 0 | Cayman Islands | Explorations and Production | ||||
Companhia Petrolifera Marlim (2) | 0 | Brazil | Explorations and Production | ||||
Nova Marlim Petroleo S.A. (2) | 0 | Brazil | Explorations and Production | ||||
Nova Transportadora do Sudeste S.A. (2) | 0 | Brazil | Transportation | ||||
Nova Transportadora do Nordeste S.A. (2) | 0 | Brazil | Transportation | ||||
Barracuda e Caratinga Holding Company B.V. (2) | 0 | Cayman Islands | Explorations and Production | ||||
Cayman Cabiunas Investments Co. Ltda. (2) | 0 | Cayman Islands | Explorations and Production | ||||
Langstrand Holdings S.A. (2) | 0 | Brazil | Explorations and Production | ||||
Albacora Japan Petroleum Limited Company (2) | 0 | Brazil | Explorations and Production | ||||
Companhia de Recuperação Secundaria (2) | 0 | Brazil | Explorations and Production | ||||
PDET ONSHORE S.A. (2) | 0 | Brazil | Explorations and Production | ||||
MPX Termoceará Ltda. (4) | 0 | Brazil | Energy | ||||
SFE - Sociedade Fluminense de Energia Ltda. (4) | 0 | Brazil | Energy | ||||
Consórcio Macaé Merchant (4) | 0 | % | Brazil | Energy |
(1) | Parent company of Petrobras Energia S.A.—PEPSA (former Perez Companc S.A.—PECOM) and Petrolera Entre Lomas S.A.—PELSA (former Petrolera Perez Companc S.A.). |
(2) | Consolidated according to FIN 46, commencing December 31, 2003. Formerly were special purpose entities formed in connection with project finance transactions. |
(3) | Consolidated according to FIN 46, commencing December 31, 2003. Formerly were accounted for as capital leases pursuant to SFAS 13. See Notes 15 and 16 to our audited financial statements. |
(4) | Consolidated according to FIN 46, commencing December 31, 2003. Formerly were not consolidated to our financial statements. See Note 16 to our audited financial statements. |