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Petrobras to allow access to its natural gas processing plants, to issue global bonds

Sergio Moares /Reuters

Petrobras has hired banks to coordinate a global bond issue

By Reuters

SAO PAULO
Petroleumworld 05 28 2020

Brazil's state-controlled oil company Petroleo Brasileiro SA said in a statement on Wednesday it has begun taking steps to allow other companies to access its natural gas processing plants.

Petrobras, as the company is known, said that, after the new model is in place, other natural gas producers will not need to sell its gas to the company to have it processed, and will be able to pay for processing capacity.

Global bonds

Brazil's state-controlled oil firm Petroleo Brasileiro SA has hired banks to coordinate a global bond issue of an unspecified amount, according to a securities filing on Wednesday.

Banks BNP Paribas, Itau BBA, JPMorgan & Chase, Scotia Capital and SMBC Nikko will manage the offering.

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