Petrobras Clarification about asset sales

Petrobras Clarification about asset sales

Petróleo Brasileiro S.A. – Petrobras clarifies about news issued by the press regarding asset sales.
As released to the market on March, 15th, 2013, in its 2013-2017 Business and Management Plan the Company expects to raise US$ 9.9 billion through divestments and assets restructuring, with a focus in Brazil and abroad. Therefore, Petrobras is constantly analyzing business opportunities that are aligned with the targets set forth in its Strategic Plan.
Especially regarding its operations in Argentina and Nigeria, Petrobras asserts that its Executive Board has not taken any decision related to negotiations with these assets and, in case there is any material fact associated with this subject, the Company will closely inform the market, according to the applicable law.
Source: Petrobras
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