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Former Petrobras executive joins Statoil ASA.

NORDIC BUSINESS REPORT-15 July 2003-Former Petrobras executive joins Statoil ASA(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian state-owned oil and gas group Statoil ASA has reportedly recruited a former executive of Brazilian oil group Petrobras.

Jorge Camargo, the former head of international operations at Petrobras, will take on the vice presidency for the development of new business at Statoil, reported Reuters.

Commenting on his new role, Camargo said that Brazil was an important market in Statoil's strategy, and that the Norwegian company was interested in building alliances with other state-owned companies such as Petrobras.

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

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Title Annotation:Jorge Camargo will serve as vice president of new business development
Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EXNO
Date:Jul 15, 2003
Words:109
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