Petroleo Brasileiro SA, Brazil's state-controlled oil company, may quadruple bond sales to help fund development of the Western Hemisphere's biggest petroleum discovery since 1976.

"We want to become a more frequent issuer" over the next four years, Chief Financial Officer Almir Barbassa said in an April 17 interview. Barbassa spent three months courting investors from Boston to Bahrain as the company prepared to sell $3.6 billion in bonds this year. Rio de Janeiro-based Petrobras, as the company is known, issued less than $800 million, on average, from 2001 through 2007. ... Read full article