Exclusive: Petrobras, Brazil’s government near oil marketing deal – official

Brazil’s Petrobras could take over marketing of the government’s share of crude from offshore oilfields, a government official told Reuters, adding significantly to the state-run oil firm’s trading operations.

In an interview on Monday, the head of Pre-Salt Petroleum, better known by its Portuguese acronym PPSA, said it is close to inking a deal in which Petrobras’ trading desk will manage the oil that Brazil’s government receives from private sector firms.

The potential deal, being discussed ahead of a blockbuster season for oil bidding rounds in the South American nation, would significantly boost the volume of crude traded by Petroleo Brasileiro SA, as the firm is formally known.

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