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Petrobras has drawn up a strategy for Brazil oil auctions
September 27, 2017 / 12:03 PM / 2 months ago

Petrobras has drawn up a strategy for Brazil oil auctions

RIO DE JANEIRO (Reuters) - Petróelo Brasileiro SA has drawn up a strategy to participate in Brazil’s three upcoming oil auctions this year, as a declining debt burden has increased the state-controlled oil producer’s firepower, Chief Executive Officer Pedro Parente said on Wednesday.

Tanque da Petrobras é visto em refinaria em Paulínia, Brasil 1/7/2017 REUTERS/Paulo Whitaker

Reporting by Pedro Fonseca and Rodrigo Viga Gaier; Writing by Guillermo Parra-Bernal; Editing by W Simon

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