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Petrobras OK to sell stakes in transfer of rights area - Brazil's Congress




By Reuters

Petroleumworld 06 21 2018

The lower house of Brazil's Congress on Wednesday approved the first draft of a law that authorizes state-controlled oil company Petroleo Brasileiro SA to sell stakes in fields located in the so-called transfer of rights areas.

Petrobras, as the company is known, must keep a stake of at least 30 percent in the areas, according to the draft.


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Reporting by Maria Carolina Marcello; Writing by Tatiana Bautzer Editing by James Dalgleish from Reuters. 06 20 2018

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