Tag: Petrobras

Petrobras cuts diesel price by 10%
Energy

Petrobras cuts diesel price by 10%

Brazil’s Petrobras said it has decreased diesel prices by 10%, equivalent to R$ 0.2335 per liter, the average diesel price sold at its refineries. Petrobras said in a statement that as a result, Petrobras average sale price in refineries and terminals without taxes will be R$ 2.1016 per liter as […]

Petrobras sells off stake in Campo de Azulão
Energy

Petrobras sells off stake in Campo de Azulão

Petrobras has closed today the sale of its entire stake in Campo de Azulão, located in the state of Amazonas, to Parnaíba Gás Natural S.A, a subsidiary of ENEVA S.A. The operation was concluded upon the payment of US$ 56.5 million to Petrobras, made today by Parnaíba Gás Natural S.A, […]

Petrobras borrows $400 million to fund UK projects
Energy Global

Petrobras borrows $400 million to fund UK projects

Petrobras said it has signed a loan agreement through its wholly-owned subsidiary Petrobras Global Trading B.V. – PGT. The finance agreement will see Petrobras receive US$ 400 million from Credit Agricole Corporate and Investment Bank (CACIB) with a guarantee from the UK Export Finance (UKEF). The company disclosed that the […]

Petrobras is selling off its African unit
Global

Petrobras is selling off its African unit

To further stop it’s bleeding, Brazil’s public oil company, Petrobras said it is selling its African. The company said in a statement that it has entered into a non-binding agreement to sell the company. Petrobras has not disclosed what company it is discussing the sale with and the financial consideration […]