Tag Archives: Oil Producer

Petrobras Oil-For-Stock Swap Price Set at $8.50 Per Barrel

Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, will pay $8.50 a barrel to buy 5 billion barrels of undeveloped reserves from the government in exchange for stock, Finance Minister Guido Mantega told reporters today in Brasilia. Source: Petrobras Oil-For-Stock Swap Price Set at $8.50 Per Barrel

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