Apr 17, 2020

Times of crisis in the industry are forcing Petrobras to reassess contracts with its suppliers. But the president of the state-owned company, Roberto Castello Branco, guaranteed on Friday (17) that he will not make renegotiations with small companies, to maintain the integrity of the national supply chain. In the executive’s assessment, this could cause companies of this size to disappear.

“For us, as a company, and for the economy as a whole, maintaining the integrity of the supply chain is essential. So, we are renegotiating contracts with only major suppliers, those that have enough muscle to face a situation of global recession ”, declared the executive, during an online press conference, earlier this afternoon. The president added that he will not renegotiate contracts “with small suppliers, as we do not want any of them to disappear. We want them to remain healthy and to produce and provide goods and services that we need ”, he added.

Petrobrás’ Financial and Investor Relations Director, Andrea Almeida, also reinforced that the company called its larger suppliers to renegotiate, in an effort to reduce costs in these times of crisis. “We tried to postpone several payments until the end of the year, because the moment we are experiencing now is a demand restriction. We are working to maintain the company’s liquidity. And of course, if necessary, we will evaluate new lines of credit. But the focus is more important for the company now is to actually reduce costs, ”he said.

Source: PetroNoticias

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