Petrobras pockets proceeds from asset sales

Petrobras pockets proceeds from asset sales

M&A Corporate & Sovereign Strategy Debt Brazil Energy Gas Oil

Brazil's state-owned oil company Petrobras said it stands to earn some $235 million from closing two asset sales in the state of Bahia this week, including nine onshore oil fields and three oil-fired thermal power plants. Petrobras said it received $47.7 million from local oil and gas company PetroRecôncavo for the exploration and production (E&P) concessions in the Miranga cluster, adding to an upfront payment of $11 million from when it signed the contract. It will receive another $80.1 mi

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