Petrobras Privatization Likely
Petrobras Privatization Likely

Petrobras Privatization Likely

Petrobras Privatization Likely

The privatization of state-controlled oil company Petroleo Brasileiro SA is feasible in the long run, Brazil’s Mines and Energy Minister Fernando Coelho Filho said late on Monday, in a surprising remark amid rising controversy over state asset sales in Latin America’s largest economy. Speaking on a late night interview broadcast on Sao Paulo public television, Coelho said the sale of Petroleo Brasileiro SA could take place sometime in the future, according to a report on G1 website, Reuters reported. “I think it is going to happen. It is a way,” G1 quoted Coelho as saying. Regarding the privatization of Centrais Eletricas Brasileiras SA, the minister said the process will include Furnas Centrais Eletricas SA and Companhia Hidro Eletrica do Sao Francisco SA, known was Chesf. “We will privatize the holding company and affiliated units,” Coelho said during the TV broadcast, according to G1. In Brazil's Congress, there is a reluctance regarding the privatization of both subsidiaries, G1 reported.

Short URL : https://goo.gl/tuW5EL
  1. https://goo.gl/rkSiHD
  • https://goo.gl/yXovHK
  • https://goo.gl/sA3tgS
  • https://goo.gl/ByRrBd
  • https://goo.gl/qC552h

You can also read ...

Italy's Ansaldo Set to Produce Power From Iran's South Pars Gas Flares
Italy's Ansaldo Energia signed a memorandum of understanding...
Norway’s Saga Signs $2.9b Iran Solar Power Venture
Norway’s Saga Energy signed a €2.5 billion ($2.94 billion)...
French, German Groups Ink Water Agreements
French and German groups on Wednesday signed broad-ranging...
Total Says Will Try to Move Ahead With Iran Gas Project
French oil and gas major Total will try to push ahead with its...
Tashkent Eyes Iran Oil Import, Mulls Transport Options
Uzbekistan is willing to join the list of Iran's crude oil...
Iraq Asks BP to Develop Kirkuk Fields
Iraqi Oil Minister Jabar al-Luaibi has asked BP to "quickly...
Brent, WTI Prices Pick Up
Oil prices rose on Wednesday as weekly US crude inventories...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.