Petrobras Aims to Sell Its Entire Stake in Braskem by Next Year

Written by Flavia Marinho

Published on 25/05/2020 at 16:12

Petrobras quer vender toda sua participação da Braskem até o ano que vem

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Petrobras Forecasts to Dispose of Entire Stake in Petrochemical Braskem by Early Next Year.

Petrobras announced this Monday, May 25, that it intends to divest its entire stake in the petrochemical Braskem through an operation in the capital markets. Three Petrobras Platforms Will Go to International Auction in July

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The information was provided by the company’s president, Roberto Castello Branco, while projecting that the deal could occur by the beginning of 2021.

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Petrobras Fuel Pricing Policy

Although not questioned about pressures on its pricing policy, the president of Petrobras defended during the live broadcast that, before the most recent increases, Petrobras had been significantly reducing prices at refineries in light of falling oil prices on the international market, in a movement that was not followed by gas stations.

“Regarding gas stations, there is nothing Petrobras can do… it is outside our scope, we are not a regulatory agency. This is the role of Cade (Administrative Council for Economic Defense), Petrobras is just a company”, he said.

After the cycle of price reductions, Petrobras announced three consecutive increases for gasoline, with a rise of 38% just in May. The company also announced the first increase of the year for diesel, by 8%.

Petrobras Aims to Sell Its Entire Stake in Braskem by Next Year

Petrobras Forecasts to Dispose of Entire Stake in Petrochemical Braskem by Early Next Year.

Read Also

Petrobras Fuel Pricing Policy

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Petrobras Aims to Sell Its Entire Stake in Braskem by Next Year

Petrobras Forecasts to Dispose of Entire Stake in Petrochemical Braskem by Early Next Year.

Read Also

Petrobras Fuel Pricing Policy

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.

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In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

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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