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Petrobras says court lifted injunction blocking stake sales to Total

 

 

 

By Reuters Staff

SAO PAULO
Petroleumworld 11 08 2017

Brazil's state-run oil company Petroleo Brasileiro SA said a federal court lifted an injunction related to the sale of its stakes in projects on the Iara and Lapa oil exploration areas, according to a statement on Tuesday.

The injunction was blocking the sale of a 22.5 percent stake in the Iara field and a 35 percent stake in the Lapa field to Total SA. “With this favorable ruling, Petrobras will be able to continue executing the strategic alliance with Total,” Petrobras said.



Reporting by Ana Mano, editing by Louise Heavens from Reuters.

reuters.com 11 07 2017

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