Breakingviews on Twitter
Search League Tables

Saturday, 25 June 2016

Eike Batista has sweeter barrels than Petrobras

Barrels of fun

Shares of OGX the flagship of Brazil's richest man value its shallow water oil reserves at roughly $5 a barrel. That looks a bargain against the $8.51 the government is extracting from Petrobras for deepwater crude. It's no wonder Chinese bidders are sniffing around.

This content is for Subscribers only

To access full content you must be a subscriber. Please use the following link to request a trial.

Sign In

(Launches in a new window)