Related Articles
Forward article link
Share PDF with colleagues

Petrobras set for divestment hit

Economic reality is likely to stall the breakneck speed of the Brazilian firm’s asset sales plan

Brazil’s response to the Covid-19 pandemic has often lurched towards the chaotic. Months of political backbiting between state governors and President Jair Bolsonaro over the gravity of the outbreak have contributed to cases exploding across the country, the loss of two health ministers in as many months and fears that Brazil’s mortality rate could eventually eclipse that of the US. And the scale of the outbreak, combined with dire economic projections for the rest of the year, could have significant implications for the planned divestments of Brazilian state-controlled oil company Petrobras.   The downturn may push sales back another year and substantially delay efforts to pay down the co



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Russia plays catch-up
30 November 2021
The Eurasian giant has announced an aggressive decarbonisation plan while striving to relieve Europe’s power crunch
Investors unfazed by Vietnamese challenges
29 November 2021
Foreign companies are enthusiastic about Vietnam’s LNG prospects, but risks persist
Deals booming in the Haynesville
29 November 2021
Strong global gas prospects and high-quality inventory are driving a big swing in M&A activity in the basin
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video