March 23, 2020 |
Brazil's state-owned oil company Petrobras said on Friday that it postponed the deadline to present offers for a clutch of refineries and logistics assets being sold under a five-year divestment plan as part of prevention measures against the spread of the coronavirus.
The company also said it asked to draw $8 billion from revolving credit lines to "protect itself within the current crisis" due to the COVID-19 pandemic and the sharp fall in oil prices.
Petrobras had asked qualified bidders to ma
Brazil's state-owned oil company also asks to draw $8 bln from revolving credit lines to maintain liquidity in crisis