Monday, December 23, 2024

Petrobras Moving Forward with $58 Billion in Asset Sales

Union strike costing Brazil $25 million lost revenue per day: Reuters Management of Petrobras (ticker: PBR) indicates there are no changes in its plan to sell $15 billion in assets by year-end 2016, despite a union strike that is restricting production levels. Brazil’s state-owned integrated oil company intends to sell as much as $58 billion overall by 2019, with the