December 5, 2019 |
Brazil's Petrobras on Wednesday fleshed out recently revised plans to sell assets and reduce its debt burden, adding that it could shed more than the $20 billion to $30 billion already slated for sale between 2020 and 2024.
Executives at the state-owned oil company's investor day at the New York Stock Exchange (NYSE) said the additional sales could add billions to its coffers. The extra cash would come if Petrobras decides to part with its assets in Bolivia, sell an additional share in its fuel
Brazil's state-owned oil company sees a potential 45% increase in equity value as it cuts costs and lowers debt