NEW YORK/RIO DE JANEIRO, Dec 4 (Reuters) – Brazilian state-run oil firm Petrobras expects to boost its equity value by roughly 45% by 2021, in large part through cost cuts and the divestment of non-core assets, it said in a presentation released on Wednesday. Capital expenditure from 2020 to 2024 will be concentrated in Brazil’s offshore “pre-salt” formation, with a special emphasis on its Buzios field, said Petroleo Brasileiro SA , as the firm is formally known. The presentation, which was accompanied by comments from Petrobras executives at the firm’s New York Investors’ Day, was the first time …read more
Source:: Yahoo Finance
