Debt-overwhelmed Petrobras cuts further capital spending plans for this year and 2016

Tuesday, October 6th 2015 - 13:02 UTC

Full article 7 comments

Petrobras struggling with the biggest debt load among global oil firms, on Monday cut $11 billion from capital spending plans for this year and next as Brazil's currency and oil prices slump. Petrobras plans to cut 2015 investment by 11% to $25 billion from the previous $28 billion, according to a statement. Read full article

Comments

Disclaimer & comment rules

Brasileiro
Did not increase borrowing costs! Petrobras did not take Western money after the downgrade! All borrowings have fixed interest rates independent of downgrade or not.

New loans are made only with Brazilian and Chinese financial institutions where interest rates are within acceptable standards.

Therefore, the downgrade was a blessing!

https://www.youtube.com/watch?v=-A4Su10E6B8
Oct 06th, 2015 - 01:24 pm - Link - Report abuse 0
-+
Captain Poppy
Pssssssssssssst Tobi (#1)....guess what hemisphere you are in?

https://upload.wikimedia.org/wikipedia/commons/thumb/6/6c/Western_Hemisphere_LamAz.png/220px-Western_Hemisphere_LamAz.png

Buy some new knee pads....your new owners are calling. At least Asian cocks are penecito.......lol. un pocotito pene. You won't even know you are getting fucked.
Oct 06th, 2015 - 03:42 pm - Link - Report abuse 0
-+
golfcronie
@1
You hope that the class actions involving Petrobras are minimal? Good luck with that, BP has just decided to set aside U$ S 20 billion for costs, wait and see what happens to Petrobras.
Oct 06th, 2015 - 05:03 pm - Link - Report abuse 0
-+
Brasileiro
Our interests are not in the United States. So it does not matter what you think or do.

I'd better stay away. Others feel that staying close is ideal.

Politics!

https://www.youtube.com/watch?v=zufWtmxxrgE&list=FLmXPTu1f8AdGlizWNiASx2A&index=11
Oct 06th, 2015 - 05:17 pm - Link - Report abuse 0
-+
ElaineB
@4 Would that be you and your gang of malcontents?

You cannot isolate from the rest of the world so you have to live with that fact.
Oct 06th, 2015 - 05:28 pm - Link - Report abuse 0
-+
Brasileiro
Speculation and bubbles all we do not want.

https://www.youtube.com/watch?t=41&v=KljQnyYh3ac
Oct 06th, 2015 - 05:41 pm - Link - Report abuse 0
-+
Jack Bauer
@1 brasshole
You sound just like asshole Lularat : when Brazil was awarded the investment grade by Moody's, Standard & Poors and Fitch, Lularat said : “At last, the world has realized Brazil is a serious country”. After losing it a month ago, the Lularat said ” who cares , we don't need it (investment grade)....We can do what we want with the economy....well, the PT definitely has done what it wanted : it screwed the economy . But, was the Lularat right both times ?
C'mon you imbecile, tell us !
Oct 07th, 2015 - 05:10 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!