CEO of Brazil's Petrobras eyes end of year for Braskem stake sale

FILE PHOTO: Roberto Castello Branco, CEO of Petroleo Brasileiro S.A. (PETROBRAS), speaks during a compliance event in Rio de Janeiro, Brazil December 9, 2019. REUTERS/Sergio Moraes

SAO PAULO (Reuters) - Brazil's Petrobras could sell its stake in petrochemical firm Braskem SA BRKM5.SA by the end of 2020, the head of the state-run oil company said during a webinar hosted by a Brazilian brokerage on Monday.

"We think it's feasible by the end of this year, and if not, by the beginning of next year, to sell that stake," said Roberto Castello Branco, chief executive of Petroleo Brasileiro SA PETR4.SA, as the company is formally known.

Reporting by Luciano Costa; Writing by Gram Slattery; Editing by Tom Brown