Brazil | Egypt Oil & Gas - Part 6
Brazil’s Petrobras Secures $10b in Chinese Loan to Pay Debts
The integrated Brazilian energy company Petrobras has secured a $10b loan from the China Development Bank (CDB) in exchange for supplying petroleum to Chinese companies. The state-owned oil producer withers under the ...
Peruvian President Investigated in Brazilian Petrobras Probe
Brazilian police, investigating a massive kickback scheme at the Brazilian state-run oil company, Petrobras, are now looking closely at Peruvian President, Ollanta Humala, and a former Argentinian Transportation Minis...
Brazil to Amend Oilfields Unitization to Withstand Oil Price Drop
Brazil is to amend its legislation regarding the unitization of oilfields in order to provide a stimulus package for the industry to withstand the global oil prices decline, reported Reuters. The current laws are alle...
Petrobras Completes its 2015 Divestment Plan
Brazil’s state-controlled oil corporation, Petróleo Brasileiro SA (Petrobras), has completed its divestment plan for 2015 by selling its 49% stake in the Gaspetro gas distribution unit worth $500m to the Japanes...
Brazil to Help Iran with Deep-Water Caspian Exploration
Brazil has agreed to set up a Joint Oil Committee with Iran, reported Fars News Agency. Ali Osuli, managing director of the Khazar Exploration and Production Company (KEPCO), said his organization has been invited to ...
Brazil’s Oil Union Strikes over Asset Sales, Slashed Investments
Brazil’s oil-workers’ union began a strike on November 1, protesting asset sales and cuts in investment on the part of Petroleo Brasileiro SA, the nation’s state-owned oil company, which is seeking t...
Iran to Export LNG to Brazil in Bilateral Bid
Bijan Zangeneh Iran’s oil minister says Brazil has indicated its willingness to buy LNG from Iran, reported Press TV. He made the remarks following a meeting with Brazilian Minister of Development, Industry and ...
Oil Majors, Petrobras Skip Brazil Bid Round
Major oil companies like Shell, BP, and Total failed to submit bids for new blocks in Brazil’s most recent auction yesterday, reported Bloomberg. The auction showed dismal results, with only 37 of the blocks being awa...
