Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

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Clarifications on 2010 Capex and Release of 2009 Results

Rio de Janeiro, March 9, 2010 – Petróleo Brasileiro S.A - PETROBRAS, about the news reported by the press concerning the Capex for 2010, clarifies that, like others state owned companies, it has submitted to the Federal Government the proposal of the Overall Cost Program (PDG) and the Annual Investment Budget (OAI) for the current year. The information is presented for each subsidiary of Petrobras and for the Group. After that the budgets will be submitted for the examination and approval by the National Congress.

The PDG/OAI for 2010 considers an investment cap of R$ 79.5 billion, distributed as such:

Business Area	PDG 2010
Exploration & Production	35.69
Supply	30.75
Gas & Energy	4.82
International	5.01
Distribution	0.66
Biofuel	0.75
Corporate	1.76
Total	79.45

It is worth highlighting that the Company’s Business Plan for the period 2010 to 2014 is still under discussion, and as soon as it is approved it will be broadly released to the market.

The Company informs that, according to the annual calendar, there is a Board of Directors meeting scheduled for March, 19. If it is confirmed, the Board may assess the fourth quarter and the 2009 Results on this date. Petrobras will inform its investors after it is confirmed.

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www.petrobras.com.br/ri/english
Contacts: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Investor Relations Department I E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br
Av. República do Chile, 65 – 22^nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947

This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that merely reflect the expectations of the Company’s management. Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forward-looking statements. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.

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This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that are not based on historical facts and are not assurances of future results.  These forward-looking statements are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results o f operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. 
All forward-looking statements are expressly qualified in their entirety by this cautionary statement, and you should not place reliance on any forward-looking statement contained in this press release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

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