VOICED : Petrobras vendera participaciones a Total por USD 2.200 millones

VOICED : Petrobras vendera participaciones a Total por USD 2.200 millones

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Interactive Video

Business, Social Studies, Other

9th - 12th Grade

Hard

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Petrobras announced a $2.2 billion deal with Total, selling stakes in deepwater oil fields and thermal plants. The agreement includes strategic and financial benefits, with Petrobras receiving $1.6 billion immediately. The deal allows for shared risks and experiences, crucial in capital-intensive industries. Brazil's openness to foreign investment facilitated the partnership. The companies will equally share two thermal plants and a regasification terminal in Bahia. Petrobras has an option for a 20% stake in a Gulf of Mexico block, enabled by new legislation under President Michel Temer.

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3 mins • 1 pt

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