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Petrobras has shaken the oil and gas market in recent days

Written by Paulo Nogueira
Published 09/12/2019 às 10:40

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With the announcement of the sale of its stake in the petrochemical company Braskem and the purchase of a minority stake in Repsol Sinopec Brasil, Petrobras is seen with different eyes

Two pieces of news related to Petrobras have stirred up the oil and gas market in recent days: With a focus on centralizing its investments in exploration and production activities, the state-owned company announced that it plans to sell its stake in the petrochemical company Braskem within 12 months at most, and argues that the company be listed on the Novo Mercado of the B3 São Paulo stock exchange, as a way to obtain greater value in the operation, said this Friday the CEO Roberto Castello Branco. “We are committed to disinvesting in Braskem”, said Castello Branco, while participating in a meeting with analysts and investors in London.

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On the other hand, Petrobras received approval from the Brazilian antitrust agency (Cade) to take over a minority stake in Repsol Sinopec Brasil in block ES-M-414, in the maritime part of the Espírito Santo basin, in which the state-owned company already had a stake. majority.

The companies informed Cade that the operation involves the withdrawal of Repsol Sinopec from the asset “through the exercise of your right of withdrawal— and consequent free transfer of its stake to Petrobras”, which was foreseen in the joint operation agreement between the companies.

Repsol had 11,1% of the block, against 88,89% of Petrobras, which will own 100% after the transaction.

Petrobras area, oil companies and other sectors will have more than 400 job openings on December 11th

Macaé, one of the focus cities for the development of business by Petrobras and other sectors, will have an employment fair on Wednesday (11), an event promoted by the city hall and will feature around 20 companies hiring, receiving resumes, lectures among other interesting services. Learn more about this milestone here published by our portal here.

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Paulo Nogueira

With a technical background, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.

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