Brazil reaches deal with Petrobras over transfer of rights area [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Reuters
Brazil reaches deal with Petrobras over transfer of rights area | Reuters 1 Min Read BRASILIA, Dec 12 (Reuters) - The Brazilian government has reached an agreement with state-controlled oil company Petróleo Brasileiro SA over the so-called transfer of rights area, Finance Minister Eduardo Guardia said on Wednesday. Guardia declined to disclose values nor who is owed what under the terms of the agreement. A dispute over the oil in question, and the price of it, dates back to 2010, when the Brazilian government granted Petrobras the right to extract 5 billion barrels of oil and gas in the offshore Santos Basin. (Reporting by Marcela Ayres; Writing by Bruno Federowski) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Brazil reaches deal with Petrobras over transfer of rights area BRASILIA, Dec 12 (Reuters) - The Brazilian government has reached an agreement with state-controlled oil company Pet
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