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Brazil's Petrobras Looks to Africa for Oil Reserves Boost

Feb 12, 2025

Brazil's Petrobras wants to buy stakes in African oil assets, mainly in Angola, Namibia and South Africa, to boost its reserves as it expects output to fall after 2030, a senior executive said on Wednesday.The Brazilian state energy firm is in talks with companies, including existing partners ExxonMobi, Shell and TotalEnergies, to buy a share of their African assets, Sylvia dos Anjos, the company's director for exploration and production…

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