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Petrobras Stops Sales of Energy Assets as it Rebuilds Reserves
September 6, 2023–Researched by Amir Richani for Industrial Info Resources (Sugar Land, Texas)–Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil) is halting the divestment of several assets started under Brazil’s previous administration. Earlier this week, the energy titan said it will retain some of the entities that were to be sold off.
The decision to stop the sales of these assets followed a board meeting focused on Petrobras’ profitability profile and portfolio. The assets that the company will retain include the Urucu cluster, a handful of fields located in the Amazon state. Their sale was being negotiated with Eneva S.A. (Rio de Janeiro).
Other companies featured: Petroreconcavo S.A., YPF (NYSE:YPF) and Pampa Energia (NYKSE:PAM).
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