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Petrobras sees $11 bln in cash flow from assets' sale this year



By Reuters

Petroleumworld 05 09 2018

Brazilian state-controlled oil company Petroleo Brasileiro expects to generate $11 billion in cash from divestments this year and $30 billion from operations, a presentation showed on Tuesday.

After reporting its highest profit in five years, Petrobras said it expects to invest $17 billion, make $6 billion in interest payments and $1.5 billion in payments on debt principal in 2018.

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Reporting by Marta Nogueira and Alexandra Alper Editing by Chizu Nomiyama from Reuters. /
05 08 2018

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