November 6, 2018 / 6:09 PM / 12 days ago

Petrobras expects to take in $7 billion from divestments this year total

RIO DE JANEIRO (Reuters) - Brazil’s Petroleo Brasileiro (PETR4.SA) expects to rake in $7 billion total this year from divestments, the state-controlled oil company said on Tuesday following disappointing third quarter earnings.

The company also plans to generate $30 billion in cash from operations this year, it added.

Reporting by Marta Nogueira

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