Monday, November 21, 2022
HomeNightlifePetrobras proclaims the sale of its subsidiary in Argentina

Petrobras proclaims the sale of its subsidiary in Argentina

Brazilian state oil firm Petrobras introduced at this time that it has begun promoting its stake in its Argentine subsidiary. The latter holds a 33.6 p.c stake within the Río Neuquén discipline, Latin America’s largest unconventional gasoline discipline.

In an announcement, Petrobras mentioned it plans to divest 100% of its shares in Petrobras Operaciones (Posa), Petrobras’ Argentine subsidiary.

The sale is a part of the divestment plan introduced by Petrobras, Brazil’s largest firm, to focus primarily on oil and gasoline exploration and exploitation and scale back tens of millions of {dollars} in debt.

The Río Neuquén discipline is . . .

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