Petrobras Increases Divestments to Up to $35 Billion Between 2021 and 2025

Written by Roberta Souza

Published on 30/11/2020 at 19:47

Petrobras

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Petrobras Informed That It Aims to Raise Between US$ 25 and US$ 35 Billion Through Asset Sales in Its Divestment Plan

Petrobras informed that it aims to raise between US$ 25 billion and US$ 35 billion through asset sales in its Strategic Plan 2021 – 2025. In its previous business plan, the values ranged from US$ 20 billion to US$ 30 billion. The company’s program includes 8 refineries, stakes in Braskem, BR Distribuidora, and Gaspetro.

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Petrobras also plans to divest from the Albacora, Albacora Leste, Frade fields, half of the Marlin field, and assets in onshore and shallow water. The company will sell 209 fields on land or in shallow water, assets in Argentina, Bolivia, Colombia, and the United States, and its 50% stake in the Marlim field.

The state-owned company began the process of selling its shares in Gaspetro at the end of February. The holding company has stakes in 19 natural gas distribution companies and is responsible for distributing 29 million cubic meters of natural gas per day across several states in 2019.

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Petrobras Increases Divestments to Up to $35 Billion Between 2021 and 2025

Petrobras Informed That It Aims to Raise Between US$ 25 and US$ 35 Billion Through Asset Sales in Its Divestment Plan

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More Divestments Petrobras: State-Owned Company Advances in the Sale of a Set of Five Concessions for Onshore Oil Fields in ES

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Petrobras Increases Divestments to Up to $35 Billion Between 2021 and 2025

Petrobras Informed That It Aims to Raise Between US$ 25 and US$ 35 Billion Through Asset Sales in Its Divestment Plan

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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.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

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.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

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