Petrobras Energãa Participaciones (formerly Perez Companc) controls Petrobras Energãa (formerly Pecom Energãa), an Argentine energy conglomerate. Petrobras Energãa’s main business is oil and gas exploration and production. It operates about 30 fields in South America with proven reserves of more than 730 million barrels of oil equivalent, mostly oil and natural gas liquids. Other operations include refineries and petrochemical plants, and electricity generation. Petrobras Energãa is also involved in oil marketing, transportation, agriculture, and mining. In 2002 the Perez Companc family sold 59% of the company to Brazilian oil giant PETROBRAS.
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