Petrobras was clearly upset with Lula's re-thinking of government ownership of the new field discoveries. Now, PBR may have the issue settled for it by having to give up certain property rights in return for state financing. Also, PBR maybe forced to give up future exploration in all other parts of the world in order to fund the new fields. The dividend appears to be gone as well.
-
Petrobras was clearly upset with Lula's re-thinking of government ownership of the new field discoveries. Now, PBR may have the issue settled for it by having to give up certain property rights in return for state financing.
Oct 20 10:28 am
|Rating:
0
0
All Comments by Steven Ward »Petrobras: Dead In The Water [View article]
Also, PBR maybe forced to give up future exploration in all other parts of the world in order to fund the new fields. The dividend appears to be gone as well.