Shell confident Petrobras will recover and willing to purchase more assets from the Brazil oil giant

Monday, April 27th 2015 - 10:14 UTC

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Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger, Shell's CEO said in an interview. Read full article

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Jack Bauer
Hey brassholes,
where are you all ??
There you are, Royal Dutch Shell - a FOREIGN company - buying up portions of Petrobras oil fields....just a couple of weeks ago, I had to tell you that you were wrong when you stated that there were no foreign oil companies operating in Brazil ......You didn't even try to defend your statement, because you couldn't, which proves you are an ignorANUS !!
Apr 27th, 2015 - 05:05 pm - Link - Report abuse 0
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Conqueror
It's normal practice for BIG oil companies to buy various parts of smaller companies. Especially when the smaller company can't survive without local government support. Comparison of date. Petrobras manages annual revenue of US$130.0 billion. Shell does US$421.105 billion. Petrosbras manages a net income of US$10.0 billion. Shell does US$20.159 billion.
Apr 27th, 2015 - 05:56 pm - Link - Report abuse 0
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Jack Bauer
Latest news from Bloomberg - Brazil is studying the possibility of easing-up on the demand that 100% of the new sub-salt oilfields be explored by Petrobras alone...
Although any change in the legislation which governs the sub-salt will need to be approved by Congress, day-by-day, this option is becoming more likely.
The government has decided to allow PB to set its own fuel price policy given that the company lost billions through the subsidies granted to the imports of gasoline and diesel oil during fat Dilma's first term.
PB is now the most indebted oil compnay in the world, owing 3,5 times its worth on the stock market.
Finally, the government has realized PB cannot survive unless drastic changes are made......which should make the 'brasshole' and his smelly friends go crazy.
May 04th, 2015 - 10:16 pm - Link - Report abuse 0
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