Brazil’s state-run oil firm Petrobras said it has concluded the sale of its 67.2% stake in Petrobras Argentina to Argentina’s Pampa Energía for US$ 892 million, according to a securities filing. Petrobras also sold all of Petrobras Chile Distribución to Southern Cross Group for about US$ 490 million as part of its divestment program, the company said. Read full article
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Disclaimer & comment rulesGreat market timing for a divestiture of state assets.
May 05th, 2016 - 02:55 pm - Link - Report abuse 0Brazil is just a little ahead of Nigeria in its management of strategic resources.
Hey Dany/Troy/Teri & you too Reeeeeeeeeeeekie - are you feeling the bern yet?
Before 2020 Petrobras will buy Chevron!
May 05th, 2016 - 09:10 pm - Link - Report abuse 0Petrobras today is the more profitable and efficient oil company in the world.
https://www.youtube.com/watch?v=o-pxbacpS_c
I think you have the chart upside down.
May 06th, 2016 - 12:36 am - Link - Report abuse 0PBR lost U$10B last year.
That's Billion with a B.
I love it!
May 06th, 2016 - 10:29 am - Link - Report abuse 0Now the crap of Brazil are selling the crap of Argentina: is there anything to pick between them, or is it out of the shit heap (Petrobras) and into the sewer?
Obviously some companies have more money than sense.
The troubled Brazilian energy giant.....
May 06th, 2016 - 03:52 pm - Link - Report abuse 0Wait a minute ! energy 'giant' or energy 'dwarf' ?
Hey, BRAsshole @2... more likely the other way round, Before 2020 Chevron will buy Petrobras....hahahahahahahahahahahaha.....funny, isn't it ?
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