Tag: Petrobras

Petrobras appoints Rafael Salvador Grisolia as CFO
Energy

Petrobras appoints Rafael Salvador Grisolia as CFO

Brazil’s state-controlled oil company Petroleo Brasileiro said it has approved Rafael Salvador Grisolia to serve as CFO, replacing Ivan Monteiro, who took the helm of the company earlier this month. Grisolia, who served since August 2017 as CFO of Petrobras Distribuidora, Petrobras’ fuel distribution unit, was named to serve until […]

Petrobras signs deal to sell distribution in Paraguay
Energy

Petrobras signs deal to sell distribution in Paraguay

Petrobras said its board has approved the Sale and Purchase Agreement (SPA) for the full sale of Petrobras’ stake in the companies Petrobras Paraguay Distribución Limited (PPDL UK), Petrobras Paraguay Operaciones y Logistics SRL (PPOL) and Petrobras Paraguay Gas SRL (PPG) to Grupo Copetrol. The agreement is being signed today […]

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 […]