Latest news with #PETR4
Reuters
03-07-2025
- Business
- Reuters
Brazil's Petrobras to invest $4.8 billion reais in integration between Reduc and Boaventura
RIO DE JANEIRO, July 3 (Reuters) - Brazilian state-run oil firm Petrobras ( opens new tab will invest 26 billion reais ($4.80 billion) in an integration between the Reduc refinery and the Boaventura energy complex in Rio de Janeiro state, it said in a statement on Thursday. Petrobras foresees the construction of a new thermal power plant in Reduc, with costs estimated at 860 million reais, and a 2.4 billion reais investment in maintenance stoppages at Reduc until 2029, it added. ($1 = 5.4151 reais)
Reuters
23-06-2025
- Business
- Reuters
Brazil's Petrobras holds off on fuel price hike for now, sources say
RIO DE JANEIRO, June 23 (Reuters) - Brazil's Petrobras ( opens new tab is closely monitoring geopolitical tensions in the Middle East, which have pushed global oil prices higher in recent weeks, but does not plan to tweak domestic fuel prices for now, two company sources told Reuters on Monday. The sources, speaking on condition of anonymity, said that the state-run oil giant is waiting for a sustained shift in Brent crude prices before considering any price changes.
Reuters
05-06-2025
- Business
- Reuters
Exclusive: Petrobras aims to make Africa its main exploratory region outside Brazil
RIO DE JANEIRO, June 5 (Reuters) - Petrobras ( opens new tab aims to make Africa its main region of development outside Brazil, the state-run oil firm's CEO said on Thursday, adding that Ivory Coast has extended the "red carpet" for them to explore in deep and ultra-deep waters off its coast. The firm also seeks to explore India's coast, taking part in an upcoming oil block auction scheduled for July, CEO Magda Chambriard told Reuters. In recent years, Petrobras has shown an interest in buying stakes in oil assets abroad, especially in Africa, as it looks to boost reserves while it faces delays in obtaining environmental permits to drill for new oil in Brazil. "We are experts in the eastern margin of Brazil," said Chambriard, citing geological similarities between the region and Africa. "The correlation between Brazil and Africa is unequivocal, so we need to go to Africa."
Reuters
30-05-2025
- Business
- Reuters
Brazil's Petrobras to cut average jet fuel prices by 7.9% as of June
RIO DE JANEIRO, May 30 (Reuters) - Brazilian state-run oil firm Petrobras ( opens new tab will cut its average jet fuel prices to distributors by 7.9%, or 0.28 real ($0.0490) per liter, starting June 1, the company said in a statement on Friday. ($1 = 5.7174 reais)
Reuters
29-05-2025
- Business
- Reuters
Brazil's Petrobras to commission 52 vessels by 2026-end in $5.1 billion investment
RIO DE JANEIRO, May 29 (Reuters) - Brazil's state-run oil firm Petrobras ( opens new tab will commission 52 vessels by 2026, investing 29 billion reais ($5.12 billion), said Chief Executive Magda Chambriard during an event on Thursday alongside President Luiz Inacio Lula da Silva. Without providing further details, Chambriard said the firm will ensure up to 65% in local content for the construction of the vessels, which would help boost Brazil's shipbuilding industry. ($1 = 5.6621 reais)
