Temer autoriza desinvestimentos da Petrobras em 105 campos de produção, 28 projetos e refinarias

Temer Authorizes Petrobras Divestments in 105 Production Fields, 28 Projects, and Refineries

Written by Paulo Nogueira

Published on 27/04/2018 at 10:58

Updated on 27/04/2018 at 11:02

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Published on April 26 as a decree by President Temer, Petrobras now has the green light to sell its assets with government approval

There is no turning back for Petrobras, Brazil’s current president, Michel Temer, launched yesterday (26) the decree authorizing the establishment of governance rules, transparency, and best practices for the sale of Petrobras’ fields and exploratory blocks. The TCU had blocked the state-owned company in 2017 and demanded that it make adjustments to its divestment plans. Well, having done what the Federal Court of Accounts requested, the projects passed and Temer “signed off expressly.”

In total, 28 projects and 105 exploratory fields will be handed over to private initiatives, most of which are onshore fields, as well as partnerships in which Petrobras will no longer be the majority partner. Here are some of the main divestments:

[one_third]

ARTICLE CONTINUES BELOW

Union Movements May Mobilize

Since last week, the atmosphere has been heated among oil workers’ unions that oppose the sale of the state-owned company’s assets to the private sector. For example, the sale announced by Pedro Parante of 4 refineries in the South and Northeast of the country. They are also organizing through assemblies to halt operations on oil platforms, with a decision to be made between April 30 and May 12.

Temer Authorizes Petrobras Divestments in 105 Production Fields, 28 Projects, and Refineries

Published on April 26 as a decree by President Temer, Petrobras now has the green light to sell its assets with government approval

Union Movements May Mobilize

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