Petrobras Adding Refineries to Asset Sales as CEO Seeks Cash

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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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