In a Continued Effort to Slash Debt, Petrobras Now Open to Selling Refineries

Bloomberg, May 2, 2017

Petrobras CEO Pedro Parente plans to put another 40 assets, worth around $42 billion, up for sale as he seeks to reduce about $119 billion of debt and develop some of the world’s largest oil finds this century. According to Parente, while the new list of assets for sale will include refineries that were cited as possible targets in the company’s business plan, that idea had never advanced before.

Click here to read the full article from Bloomberg.

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