Consent of PWC-Petroleo Brasileiro

We hereby consent to the incorporation by reference in this Registration Statement on Form F-4 (File No. 333- ) of Petróleo Brasileiro S.A. – PETROBRAS (“Petrobras”) of our report dated March 31, 2002 relating to the financial statements of Petrobras, which appears in the Annual Report on Form 20-F for the year ended December 31, 2001. We also consent to the reference to us under the heading “Experts” in such registration statement.