Petroleo Brasileiro SA reached an agreement to end a two-week national strike that reduced output in 50 platforms to protest spending cuts and asset sales that threaten jobs, a workers group said.
FUP, an umbrella group for Brazilian oil-worker unions, reached an accord with the state-controlled producer after meetings with Chief Executive Officer Aldemir Bendine, it said in a note on its website Friday. Petrobras, which offered workers a 9.53 percent paycheck raise, hasn’t immediately confirmed the end of the strike.
Brazil Energy Insight 
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