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

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