Petrobras to restart asset sales on orders of audit court
Petroleumworld.com 03 16 2017
Brazil's federal audit court TCU on Wednesday allowed state-run oil company Petroleo Brasileiro SA to proceed with its divestment program, but required the company to restart the process except for two projects.
Petrobras had been prevented from signing any new asset sales while TCU reviewed its procedures. The two assets that Petrobras will be able to sell without restarting the process from scratch were not disclosed by court.
Reporting by Leonardo Goy; Writing by Silvio Cascione; Editing by Sandra Maler from Reuters .
We invite all our readers to share with us
their views and comments about this article.
Write to email@example.com
By using this link, you agree to allow PW
to publish your comments on our letters page.
Any question or suggestions,
please write to: firstname.lastname@example.org
Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels
April, 25 - 27
Punta del Este, Uruguay
Offshore Technology Conference
May 1-4, NRG Park
Houston, Texas, USA