September 17-20, 2012
Riocentro Convention Center, Rio de Janeiro, Brazil

In fact, Rio de Janeiro State accounts for 80% of the oil produced in the country, along with 50% of the total gas production. Brazil's state-run Petrobras confirmed that oil fields recently discovered offshore contained 8.3 billion barrels of recoverable crude and gas -- and said the biggest field was being renamed 'Lula'. Brazil hopes the fields will propel it into the top league of oil exporting nations, securing its drive to become the world's fifth-biggest economy in a few years' time.