Petrobras plots more asset sales

Petrobras plots more asset sales

M&A Corporate & Sovereign Strategy Debt Economy & Policy Energy Politics Brazil

Brazil's Petrobras said it aims to earn $26.9bn from asset sales as it moves to cut debt and carry out an $84.1bn investment plan over the next five years. The state-owned energy company outlined $68.8bn in investments in exploration and production from 2019 to 2023, along with $8.2bn for refining and midstream, $5bn for natural gas, $300m for petrochemicals and $400m for renewable energy, including wind, solar and biofuels. Petrobras' previous five-year plan called for $74.5bn in investments fr

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