Roberto Castello Branco diz que Petrobras espera retomar processo de redução do endividamento em 2021

Roberto Castello Branco Says Petrobras Expects to Resume Debt Reduction Process in 2021

Written by Roberta Souza

Published on 26/05/2020 at 21:11

Petrobras

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According to the President of Petrobras, the Environment Is One of Uncertainty, but He Expects the Company to Resume the Deleveraging Process Next Year

Roberto Castello Branco, President of Petrobras, said he expects the company’s deleveraging to be resumed starting next year. Roberto stated that the environment is one of uncertainty, but he hopes that the accomplishment will materialize.

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“I hope so [the company resumes the deleveraging process in 2021], but the environment is one of uncertainty,” he stated when questioned about the matter during an online event hosted by Genial Investimentos.

According to Valor, in light of the shock in oil prices, the company revised its deleveraging target for 2020. The company abandoned its goal of reaching a net debt/Ebitda ratio of 1.5 times by the end of this year and set a target to end 2020 with a gross debt of US$ 87 billion, the same level as in 2019.

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Roberto Castello Branco Says Petrobras Expects to Resume Debt Reduction Process in 2021

According to the President of Petrobras, the Environment Is One of Uncertainty, but He Expects the Company to Resume the Deleveraging Process Next Year

See Other News:

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Roberto Castello Branco Says Petrobras Expects to Resume Debt Reduction Process in 2021

According to the President of Petrobras, the Environment Is One of Uncertainty, but He Expects the Company to Resume the Deleveraging Process Next Year

See Other News:

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

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.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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.

With 70 tons of rock removed by hand and an 800-year-old abandoned cave, a former businessman transforms a dark shelter into a modern home carved in the heart of the forest.

Scientists have created a material six times lighter than air, 75 times lighter than styrofoam, and that becomes stronger the more it is compressed: aerographite seems impossible, but it can reinforce structures, batteries, and satellites.

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A black box made of steel and concrete, about 16 meters in size, is being installed in a remote location on Earth to record in real-time the progress of the climate crisis and the potential collapse of the planet, with data from space and meteorological agencies worldwide.

Peugeot 408 Griffe 2015 combines a turbo engine, 0 to 100 km/h in 8.3 seconds, a 526-liter trunk larger than many compact SUVs, leather, multimedia, cruise control, and a sunroof, but it remains off the radar among fully equipped used cars.

A great economist predicted that by 2030 we would work only 15 hours a week, and John Maynard Keynes’s forecast is about to fail miserably almost 100 years later.