Brazil: Petrobras has “many” Offers for Assets, Says CEO
|
|
|
|
Tuesday, 22 November 2011 |
Petrobras has received strong interest for $13.6bn worth of assets that it plans to sell, according to Chieve Executive Officer Officer Jose Sergio Gabrielli (pictured). Speaking at an event in Bloomberg’s New York headquarters, Gabrielli said the company has had “many, many, many” offers to buy assets, but has yet to make a final decision on what it will sell.
The company is aiming to finance a $224.7bn, five-year investment plan, which involves exploration projects worldwide. Assets reported to be up for sale include a Chinese refinery and exploration blocks in the Gulf of Mexico, as the state-owned firm seeks to raise between $67bn and $91bn. However, Gabrielli said it is in no rush to sell. "We have a big cash balance right now, and we really don't need to raise money in the short run for liquidity purposes. But, if we find the opportunity, we are going to do something," he revealed.
PetrolWorld 22112011
|
