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Brazil’s Petrobras Divestment Plan Not Hurt by Crisis – CEO
Nov. 18, 2011 04:28PM PST
Oil and Gas InvestingRigzone reported that according to CEO Jose Sergio Gabrielli, Petrobras (NYSE:PBR) has received several offers from oil companies that would like to buy the $13.6 billion in assets, Petrobras intends to sell.
Rigzone reported that according to CEO Jose Sergio Gabrielli, Petrobras (NYSE:PBR) has received several offers from oil companies that would like to buy the $13.6 billion in assets, Petrobras intends to sell.
As quoted in the market news:
Earlier this year, Petrobras announced the divestment program, part of its 2011-15 business plan. The oil company needs to raise between $67 billion and $91 billion in the next five years to pay maturing debt and finance its heavy schedule of investments.