Petrobras May Divest Billions More Than Forecast

摘要

BRAZIL'S PETROBRAS could add several billion dollars of assets to its already ambitious five-year divestment plan,executives said on Dec.4,underlining the state-run oil company's rush to reduce its hefty debt load.In the company's 2020 to 2024 business plan released last week,Petrobras said it would look to sell $20-to $30 billion of assets during that period,including eight refineries spread around Brazil.In a separate presentation Dec.4,released during Petrobras'New York Investors'Day,the company said it may add its Bolivian assets to the divestment program,as well as its stake in petrochemical firm Braskem SA,legacy deepwater oil fields and its remaining stake in fuel distribution firm,Petrobras Distribuidora SA,commonly known as BR Distribuidora.