Expect a much smaller and more profitable Petrobras, in four years, says CEO Bendini

Wednesday, December 16th 2015 - 07:26 UTC

Full article 5 comments

Petrobras, Brazil's largest corporation, carried out asset sales and underwent a restructuring this year in response to a severe financial crisis, emerging smaller but with a more profitable and productive future ahead, CEO Aldemir Bendini said Tuesday. Read full article

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ilsen
I expect a very much smaller PETROBRAS, one that is sold off in chunks to the highest bidders willing to take a huge risk on an imploding outfit.
Dec 16th, 2015 - 07:46 am - Link - Report abuse 0
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Brasileiro
“The positive signs in the market allows us to anticipate the possible funding. This in facilitated funding lines [of credit] more attractive, enabling the company's debt refinancing. Even with all the adverse scenario, we managed to shoot down the company's debt in dollars in approximately 5%. Therefore, net debt fell. ”

I reproduce above the paragraph 6º of that report aired on Brasil247. com.br which unfortunately does not conveyed by MercoPress.

http://www.brasil247.com/pt/247/economia/209699/Bendine-Petrobras-ser%C3%A1-menor-e-mais-rent%C3%A1vel-em-4-anos.htm

When I say the media of 5 Eyes disseminates lies and half truths about Brazil I'm telling the truth.

It is necessary that Brazil has such countries as their enemies, away from them. Attacking them in their interests and blocking trade, companies, people and financing of all kinds.
Dec 16th, 2015 - 08:44 am - Link - Report abuse 0
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Conqueror
@2. Nah, sorry. You lie. You always do. And what you posted is just propaganda.
Dec 16th, 2015 - 12:44 pm - Link - Report abuse 0
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yankeeboy
I wonder if they've war gamed oil in the 20s and a 6/1 Rial?

Bet not.

The interest on their 130B debt will swamp them.
Dec 16th, 2015 - 01:18 pm - Link - Report abuse 0
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Jack Bauer
@2 BRasshole, or to whichever idiot of the group that is posting ...
Who is “WE” ? the debt of US$ 130 biilion, will carry on being US$ 130 Billion, no matter the fluctuation of the exchange rate.....it can increase or decrease in Reais, but that is quite irrelevant to the overall financial mess the company is in.
And as for your saying “you are telling the truth”, it is as close to the truth as when Lula said “I know nothing” (of the 'mensalão'...)...
Dec 16th, 2015 - 07:52 pm - Link - Report abuse 0
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