Brazil’s Petrobras Divestment Plan Not Hurt by Crisis – CEO

- November 18th, 2011

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.

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.

Click here to read the full Rigzone report.

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