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Petrobras looking to sell its African oil exploration venture

Wednesday, November 8th 2017 - 18:11 UTC
Full article 6 comments

Brazil’s Petrobras on Tuesday revealed plans to sell its stake in an African oil exploration venture as part of a wider divestment plan. The state managed oil company is looking to sell its 50% stake in Petrobras Oil & Gas BV, or Petrobras Africa. Read full article


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  • :o))

    Lula could be the potential buyer! After all; he is the one who invested the [taxpayers] capital for fattening his own wallet!

    Nov 09th, 2017 - 12:40 am - Link - Report abuse 0
  • EscoSesDoidao

    They had (or have) a stake in Akpo.

    Nov 09th, 2017 - 09:37 am - Link - Report abuse 0
  • :o))


    AKPO, Nigeria? If you ever had been to Nigeria; you surely KNOW that Nigeria gets the Oscar for the Corrupts! So the Brazilian Parasites certainly feel at home in Nigeria!

    Nov 09th, 2017 - 11:25 am - Link - Report abuse 0
  • EscoSesDoidao

    Yes, I have been to/lived in Nigeria. Akpo is operated by Total, holding a 24% interest in the project. Other participants in the license include CNOOC with 45% interest, Petrobras with 16%, NNPC with 10% and Sapetro with 5%

    Nov 09th, 2017 - 04:58 pm - Link - Report abuse 0
  • Jack Bauer

    From 1978 to 1983 I spent a lot of time in Nigeria....even coming from Brazil I was surprised by the level of corruption....I remember one occasion on which I had to “pass” Naira 20 to an airline clerk to find my reservation on the boarding list...even though I could see my name on it, and it being upside-down...lots of interesting stories.

    Nov 09th, 2017 - 07:14 pm - Link - Report abuse +1
  • :o))

    @ESDoidao & @JB

    In Brazil itself; the Corruption-Level already is intolerable AND well beyond repairs. So imagine the situation in Nigeria! Hats Off to those who still feel Right-At-Home in such countries!

    Nov 10th, 2017 - 12:07 am - Link - Report abuse 0

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