Reuters exclusively reported that Brazilian state-run oil firm Petrobras is studying a mass transfer of employees out of its Transpetro logistics unit in a sign the company may be gearing up to privatize additional assets. The move comes as Chief Executive Roberto Castello Branco works to sell midstream and downstream assets in a bid to reduce debt and sharpen the focus of Petrobras on offshore oil exploration and production.
Reuters exclusively reports Brazil’s Petrobras studies downsizing logistics unit
01 August 2019, 12:00 am. 1 minute
Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
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