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Petrobras May Divest $15 Bln Over Next Few Years

By  AOG Staff Friday, 30 November 2018 01:52
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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.

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

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)

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