Reuters logo
Brazil's Petrobras does not need gov't cash for Libra
October 23, 2013 / 4:58 PM / 4 years ago

Brazil's Petrobras does not need gov't cash for Libra

Brasilia, Oct 23 (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA does not need funds from the country’s treasury to pay its 6 billion real ($2.75 billion) share of the signing fee for its purchase of the country’s biggest-ever discovery, Chief Executive Maria das Gracas Foster said on Wednesday.

On Monday, Petrobras agreed to buy 40 percent of Libra, a giant offshore oil field, a purchase that would require it to pay the government an equivalent share of the area’s 15 billion real signing charge.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below