Petrobras Africa

Africa Oil & Gas: Vitol-Led Group to Buy Petrobras Africa Stake for $1.5 Billion

Posted on November 1, 2018 by Mozambique Resources Post

A partnership led by Vitol Group agreed to buy a 50 percent stake in an African oil and natural gas exploration business from Petroleo Brasileiro SA for $1.5 billion, helping the Brazilian company toward its goal of $21 billion in asset sales this year.

Africa Oil & Gas: Petrobras nears $1.3bn sales of African venture stake – paper

Posted on July 11, 2018 by Mozambique Resources Post

Brazilian State-controlled oil company Petróleo Brasileiro SA is close to agreeing the sale of its stake in an African venture for around $1.3-billion, newspaper Valor Econômico said on Tuesday.

Africa Oil & Gas: Petrobras to start binding phase to sell Africa unit

Posted on March 9, 2018 by Mozambique Resources Post

Brazil’s Petrobras has started the binding phase in the process to sell 100 percent of subsidiary Petrobras Oil & Gas B.V. (POGBV), according to a securities filing.