A union representing workers at state-run oil company Petroleo Brasileiro SA in Brazil’s most important production area said on Monday it remains on strike over back pay and the state-owned oil company’s plans for assets sales.
Sindipetro Norte Fluminense workers operate oil platforms and other services in the Campos Basin, the source of 64 percent of Brazil’s oil production and 34 percent of its natural gas output.
SindipetroNF on Saturday rejected a call to end the two-week-old strike by FUP, the largest Brazilian oil workers union federation and one of the last strong power bases for embattled Brazilian president Dilma Rousseff.
An extended strike risks deepening Brazil’s economic recession.
The walkout is also heaping further operational and financial pressure on Petrobras, which is struggling to maintain every source of cash as it tries to pay down about $130 billion of debt, the largest in the world oil industry.
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Brazil Energy Insight 
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