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

Petromex

14 June 2012 By Raul Gallegos

The $120 bln Brazilian oil giant dialed down output goals to an underwhelming level. Lower production is symptomatic of state meddling, as Petrobras diverts funds to money-losing areas like refining. Shareholders should beware the growing similarities to Mexico’s energy king.

This content is for Subscribers only

or
If you need assistance please email breakingviews.clientsupport@thomsonreuters.com
 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)

We need you to verify your email address to continue. Please check your email/junk folder for our verification request.

Click here to resend the verification email.