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Petrobras privatization possible in the future, Brazil energy minister says

Published 10/03/2017, 09:17 AM
© Reuters.  Petrobras privatization possible in the future, Brazil energy minister says
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  • It could be feasible to privatize state-controlled Petrobras (NYSE:PBR) at some point in the future, Brazil's Mines and Energy Minister Fernando Coelho Filho said late yesterday.
  • Plans are moving forward in the privatization of Eletrobras (NYSE:EBR) and affiliated units, the minister says, although there is some reluctance in Brazil's Congress over the privatization of two EBR subsidiaries.
  • Separately, PBR says it has repaid and refinanced a combined $4.7B in loans maturing during 2018-19, as it tries to reduce the world’s largest debt burden among major oil producers.
  • Now read: Exxon Mobil (NYSE:XOM) And Petrobras Bet On Offshore Drilling

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