We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Weighing up the cost

28 May 2013 By Christopher Swann

The government is auctioning a 12 bln-barrel crude field to revive its goal of being a global player. Petrobras is guaranteed a 30 pct stake. That should be good news. But the project will add more debt and expenditure for the already struggling and overleveraged state oil giant.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)