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:

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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After nearly three decades and more than 1 million cars produced, Toyota will close the historic Indaiatuba plant on June 30 and concentrate Corolla production in Sorocaba, as part of an R$ 11 billion plan that heavily invests in flex hybrids and even an unprecedented pickup.

The number of Brazilian meatpacking plants with suspended meat sales to China rises to five, after the Chinese blocked the JBS unit in Vilhena due to the presence of hormones in the shipments, adding extra pressure on the sector on the eve of the 2026 export quota being exhausted.

How much does it cost to live with dignity in Brazil? A study found that in all 79 regions analyzed, the necessary salary was above the minimum of R$ 1,621. In São Paulo, a family of four needs R$ 6,155 per month.