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

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Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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