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

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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:

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.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

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.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

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