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January 8, 2008

Petróleo Brasileiro S.A. — Petrobras
Rio de Janeiro, Brazil

With respect to the registration statement on Form F-3 (333-139459), we acknowledge our awareness of the incorporation by reference therein of our report dated November 26, 2007 related to our review of interim financial information of Petróleo Brasileiro S.A. — Petrobras.

Pursuant to Rule 436 under the Securities Act of 1933 (the Act), such report is not considered part of a registration statement prepared or certified by an independent registered public accounting firm, or a report prepared or certified by an independent registered public accounting firm within the meaning of Sections 7 and 11 of the Act.

/s/ KPMG Auditores Independentes
KPMG Auditores Independentes
Rio de Janeiro, Brazil