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.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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