Petrobras sells assets in Nigeria, ends activities in Africa

Canada’s Africa Oil Corp. paid $1.45 billion to the state-run giant

Published in 15/01/2020 - 11:12 By Vitor Abdala - Rio de Janeiro

Petrobras finalized the sale of its shares at Petrobras Oil & Gas B.V. (PO&GBV), the company producing oil in Nigeria, on Africa’s west coast. The Brazilian state-controlled firm had 50 percent of the company, in a joint venture with BTG Pactual E&P B.V, and sold its shares to Canada’s Africa Oil Corp. for $1.45 billion.

According to a note released Tuesday evening (Jan. 14) by Petrobras, the transaction “is in line with the optimization of the portfolio and the improvement in the company’s capital allocation, aiming at generating value for its shareholders.”

PO&GBV held shares in the production of three Nigerian oil fields—Agbami, Akpo, and Egina—with a 34 thousand daily average of barrels for Petrobras. The move marks the end of the company’s activities in Africa.

Translation: Fabrício Ferreira -  Edition: Graça Adjuto / Nira Foster

Dê sua opinião sobre a qualidade do conteúdo que você acessou.

Para registrar sua opinião, copie o link ou o título do conteúdo e clique na barra de manifestação.

Você será direcionado para o "Fale com a Ouvidoria" da EBC e poderá nos ajudar a melhorar nossos serviços, sugerindo, denunciando, reclamando, solicitando e, também, elogiando.

Denúncia Reclamação Elogio Sugestão Solicitação Simplifique
Latest news
indústria automobilística,automóvel, fábrica
Economy

Gov’t passes free-trade deal with Paraguay for car sector

Conditions are to be effective indefinitely or until the car sector is fully adapted to the Mercosur General Regime, which stipulates a common foreign tariff at 11 tariff levels, whose rates range from zero to 20 percent.

Presidente da República, Jair Bolsonaro,  durante a cerimônia de assinatura da portaria que designa a Eletronorte como agente executor do Programa Mais Luz para a Amazônia no Amapá
Politics

Bolsonaro to send food and humanitarian mission to Lebanon

“Brazil is home to the biggest Lebanese diaspora in the world. Ten million Brazilians of Lebanese descent form a hard-working, dynamic, and active community that makes an invaluable contribution to our country", he said.

Os presidentes da República, Jair Bolsonaro e  do Supremo Tribunal Federal, ministro Dias Toffoli, fazem declaração à imprensa no Planalto
Politics

Chief justice of Brazil’s top court hospitalized

The justice is reported to have tested negative for COVID-19 and will work normally during his hospitalization.

Outbreak of the coronavirus disease (COVID-19) in Brazil
Health

Brazil reports 3 mi cases of COVID-19, 101,000 deaths

The state of São Paulo has the highest case tally since the beginning of the pandemic, with 627,126 cases and 25,114 deaths.

O Brasil tem a maior biodiversidade vegetal do mundo.São 55 mil espécies de plantas — cerca de 22% das 250 mil do planeta.
Politics

Senate ratifies Nagoya Protocol in Brazil

The document regulates the access and distribution of benefits of genetic resources of biodiversity. The decree is now expected to be enacted by Parliament.

Smoke rises from the site of an explosion in Beirut
International

Lebanon embassy calls for humanitarian help after Beirut blast

A statement reports that the country needs medical aid in all fields, as well as surgical and hospital supplies. Also requested are construction materials.