Petrobras May Divest $15 Bln Over Next Few Years

© Celso Pupo / Adobe Stock
© Celso Pupo / Adobe Stock

Brazil's state-controlled oil company Petroleo Brasileiro SA is considering divesting up to $15 billion within the next few years, one person with knowledge of the matter said on Thursday.

The total divestment goal has not been approved yet and is being discussed for the business plan for 2019-2023 that will be approved by the Petrobras board in December, the source added, asking for anonymity due to lack of authorization to discuss the matter publicly.


(Reporting by Rodrigo Viga Gaier; Writing by Tatiana Bautzer; Editing by Phil Berlowitz)

Current News

Petrobras Signs Contracts with Perenco for Sale of Two Campos Basin Fields

Petrobras Signs Contracts with

Equinor Upbeat About Investor Interest in US Offshore Wind Farm

Equinor Upbeat About Investor

GE Vernova Could Not Agree Turbines Switch on NY Wind Projects

GE Vernova Could Not Agree Tur

Hess Profit Jumps on Guyana Output in Positive Sign for Exxon

Hess Profit Jumps on Guyana Ou

Subscribe for OE Digital E‑News

Offshore Engineer Magazine