Petrobras Reports Increase in Asset Sales in 2019

Written by Flavia Marinho

Published on 08/04/2019 at 01:00

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According to the data presented by Petrobras, from 2015 to 2018, due to the divestment policy adopted by the company, approximately US$ 15.4 billion has entered Petrobras’ accounts.

Under the management of Roberto Castello Branco, Petrobras has already generated a total of US$ 9.25 billion in divestments this year, with the sale of 90% of “TAG” Associated Gas Transporter, with the agreement finalized with Engie. Not to mention that the company, in the 2019 fiscal year, already has US$ 1.85 billion in still uncompleted deals. The years 2017 and 2018 added up to around US$ 8.5 billion, and the deals announced by the divestment program this year have already surpassed these amounts.

The state-owned company has already announced that in 2019, it will sell the Pasadena refinery to Chevron and the Maromba field in the Campos Basin to BW Offshore, in addition to the US$ 8.6 billion in the TAG deal.

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Petrobras Reports Increase in Asset Sales in 2019

According to the data presented by Petrobras, from 2015 to 2018, due to the divestment policy adopted by the company, approximately US$ 15.4 billion has entered Petrobras’ accounts.

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Petrobras Reports Increase in Asset Sales in 2019

According to the data presented by Petrobras, from 2015 to 2018, due to the divestment policy adopted by the company, approximately US$ 15.4 billion has entered Petrobras’ accounts.

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

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Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

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