Tag: Petrobras

• Monday, September 30th 2019 - 08:13 UTC

  Petrobras to concentrate on reducing debt load and deep water exploration

  

  Petrobras’ administration board has approved an update to its plan for the next five years that is expected to call for the state-run oil and gas company to dump its gas distribution and transport business, its fertilizer business, and its LPG and biodiesel business, according to media reports.

• Friday, September 27th 2019 - 09:55 UTC

  Brazil Supreme Court ruling could overturn corruption convictions

  

  Brazilian Supreme Court justices approved late on Thursday a ruling that may overturn corruption convictions in the country's largest-ever corruption probe. The majority of the Supreme Court ruled that defendants mentioned in plea deals by witnesses also accused of corruption should have the right to defend themselves after testimony of the whistleblower - the right to address the court last.

• Friday, September 20th 2019 - 09:57 UTC

  Bolsonaro: Petrobras behind fuel price increase, not government

  

  Brazil's President Jair Bolsonaro Thursday explained that his government had nothing to do with the rise in the price of gasoline and diesel fuel, which followed the raid on Saudi Arabian facilities over the weekend.

• Thursday, September 19th 2019 - 22:13 UTC

  Ancap loses lawsuit worth over 10 million dollars to Petrobras and Axion

  

  Uruguay's oil and energy Ancap must pay US $ 10 million to fuel distributors Petrobras and Axion after losing a 2017 lawsuit filed when the plaintiffs saw their profit margins narrowed by local regulations, the Montevideo El Observador newspaper reported.

• Thursday, August 29th 2019 - 08:42 UTC

  Petrobras privatization: still the crown jewel and needs congressional approval

  

  Brazil's influential finance minister has convinced President Jair Bolsonaro to consider the once-unthinkable step of privatizing state-owned oil company Petrobras , but stiff political opposition could stifle any effort to sell the country's corporate crown jewel.

• Saturday, August 17th 2019 - 06:47 UTC

  Bolsonaro administration has privatized some US$ 20bn of assets

  

  Brazil has privatized nearly US$ 20bn of assets and investments since the election of right-wing president Jair Bolsonaro, according to a government minister. Secretary of state for privatization, divestment and markets Salim Mattar announced that the government’s sweeping program of privatization was going as planned.

• Monday, August 5th 2019 - 12:48 UTC

  Brazil to cut down gas imports from Bolivia

  

  The Brazilian oil company Petrobras has announced that in the coming months it will reduce its imports of Bolivian natural gas, which it still considers to be essential nonetheless.

• Monday, July 29th 2019 - 09:36 UTC

  Two Iranian vessels are refueled by Petrobras and leave loaded with corn

  

  Two Iranian ships stranded off the coast of Brazil for weeks set sail on Saturday, officials said, after a court ordered state oil giant Petrobras to fuel up the vessels. The bulk carriers had been stuck at Paranagua port in the southern state of Parana since early last month after Petrobras refused to provide fuel for fear of breaching US sanctions on Iran.

• Friday, July 26th 2019 - 09:56 UTC

  Brazil's highest court orders Petrobras to refuel two Iranian grain vessels

  

  Brazil’s top court on Thursday ordered state-run oil company Petrobras to refuel two Iranian grain vessels stranded on the Brazilian coast due to U.S. sanctions holding up sales of fuel needed for their return trips.

• Friday, July 26th 2019 - 09:49 UTC

  Petrobras sells off a majority share of its distribution branch

  

  Brazilian oil giant Petrobras says it’s already sold off its majority share in its fuel distribution branch, and hopes the total sale will raise about US$ 2.5 billion. Petrobras said on Wednesday it now has a 41.25% stake in the Petrobras Distribuidora unit, down from the 70% before the sale started Tuesday.