Petrobras May Divest $15 Bln Over Next Few Years

Published

© 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

U.S. Oil Production Still has Growth Potential

U.S. Oil Production Still has

Dajin Forms Offshore Wind Alliance with German Port Terminal Operator

Dajin Forms Offshore Wind Alli

EnerMech Hires Former SLB Executive to Lead Energy Solutions Division

EnerMech Hires Former SLB Exec

Eni Expands Asian Footprint with Long-Term LNG Contract in Thailand

Eni Expands Asian Footprint wi

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine