Rio de Janeiro-Brazilian state-run oil com- pany Petrobras plans to sell $13.7 billion in assets over the next two years as the finan- cially strapped firm seeks to raise cash to fund investments and operations. “The divestment plan is part of the com- pany’s financially planning and aims to reduce debt, preserve cash and focus on priority investments, notably oil and natural gas pro- duction in Brazil in areas of high productivity and returns,” Petrobras said in a statement.
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