Petrobras's executive board approved a two-year (2015/2016), US$13.7 billion divestment plan.
The plan includes exploration & production assets in Brazil and abroad (30%), as well as assets in the downstream (30%), and gas and energy (40%) segments.
The approved divestment amounts represent a rise when compared to the $5-11 billion allocated in the 2014-2018 Business & Management Plan, as released in February 2014.
This plan is part of Petrobras’s financial planning aimed at reducing leverage, preserving cash and focusing on priority investments, mainly oil and gas production in Brazil in areas of high productivity and return.
Image from Petrobras.
