Petrobras asset sales Q & A

摘要

Petrobras plans to sell $13.7 billion in assets over the next two years. About $10 billion are expected in 2016, indicating that Petrobras isn’t under financial pressure to sell at any price and will allow the market to recover from the recent slide in oil prices. The company needs cash to reduce a debt load that ballooned to $106 billion at the end of 2014, making Petrobras one of the world’s most-indebted companies.