Petrobras Energia S.A., formerly Petrobras Energia Participaciones S.A., is a holding company that operates through Petrobras Energia S.A. (Petrobras Energia) and its subsidiaries. The Company’s principal assets is 75.8% of the equity interest of Petrobras Energia, an integrated energy company, focused in oil and gas exploration and production, refining, petrochemical activities, generation, transmission and distribution of electricity and sale and transmission of hydrocarbons. Petrobras Energia has businesses in Argentina, Bolivia, Brazil, Ecuador, Peru, Venezuela, Mexico and Colombia.