Brazil News

 

Sinochem in Talks to Sell Peregrino Stake

Sep 25, 2024

The chief executive of Brazilian oil company Prio is 'optimistic' about talks with China's oil and chemicals firm Sinochem for the potential purchase of a stake in the Peregrino oil field, he told Reuters on Wednesday.No binding agreement has been reached so far, Prio said in a securities filing, after newspaper Folha de S.Paulo reported earlier in the day that the firm was looking to close this week a deal valued at as much as $1…

New Petrobras CEO Pressed on Shipbuilding Reboot, Jobs

May 16, 2024

The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter…

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