Brazilian giant blames court injunction blocking the completion of Karoon deal Reuters  Updated 29 Dec 2016 03:18 GMT   Brazil's state-run oil company Pretrobras will still fall $1.5 billion short of its divestment target for the 2015-2016 period despite announcing the sale of ethanol and petrochemicals assets for $587 million. Even after a flurry of... Continue Reading →

Rio de Janeiro, December 29, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it closed yesterday (December 28), the sale of 100% of the shares in Nansei Sekiyu (“NSS”) to Taiyo Oil Company (“Taiyo”). The operation was completed through the payment of US$ 165 million made yesterday by Taiyo, after compliance with all previous... Continue Reading →

Rio de Janeiro, December 28, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that, in a meeting held today, its Board of Directors approved the signing of the agreement for the sale of Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”) to Grupo Petrotemex S.A. de C.V. and Dak Americas Exterior,... Continue Reading →

  Rio de Janeiro, December 28, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) celebrated on this date with Tereos Participations SAS, a company under French group Tereos, the Agreement for Purchase and Sale of Shares (“Contrato de Compra e Venda de Ações e Outras Avenças”), to... Continue Reading →

  Rio de Janeiro, December 27, 2016 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 577/2016/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter no. 577/2016/CVM/SEP/GEA-1 "Dear Executive Officer, I report to the news herein attached, published on December 21 and 22, 2016, in some newspapers, under the titles “Lava-Jato: Braskem e Odebrecht... Continue Reading →