Petrobras Adding Refineries to Asset Sales as CEO Seeks Cash


The Petrobras asset sales are far from over, and they will now include refineries.

Pedro Parente, the chief executive officer on a mission to get the Brazilian oil giant back on its feet, plans to put another 40 assets on offer, worth about $42 billion, as he seeks to reduce a massive debt load and develop some of the world’s largest oil finds this century.

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