Petróleo Brasileiro SA (Petrobras) has signed an settlement to resolve present contractual disputes and litigation with Proquigel, a Unigel unit.
The settlement nonetheless must be ratified by an arbitral tribunal to take impact. Each events have requested ratification of the deal, Petrobras stated in a media launch.
The settlement permits Petrobras to regain possession of the fertilizer crops in Bahia and Sergipe, permitting the corporate to renew operations by means of a bidding course of for contracting operations and upkeep companies.
- Advertisement -
In response to its 2025-2029 Enterprise Plan, Petrobras stated it plans to restart operations within the fertilizer sector to generate worth from the manufacturing and sale of nitrogen-based merchandise, whereas additionally integrating with the oil and pure gasoline manufacturing chain and supporting the vitality transition.
Earlier this month, Petrobras reported a web revenue of BRL 35 billion ($6 billion) for the primary quarter. The corporate achieved adjusted earnings earlier than curiosity, taxes, depreciation, and amortization of BRL 61 billion ($10.5 billion) and an working money circulation of BRL 49.3 billion ($8.5 billion).
Quarterly whole investments amounted to BRL 23.7 billion ($4.1 billion), primarily directed to pre-salt tasks within the Búzios and Atapu fields.
Petrobras’ oil and pure gasoline output was 2.77 million barrels of oil equal per day, up 5.4 % in comparison with the previous quarter.
To contact the creator, e-mail andreson.n.paul@gmail.com
Generated by readers, the feedback included herein don’t replicate the views and opinions of Rigzone. All feedback are topic to editorial evaluation. Off-topic, inappropriate or insulting feedback shall be eliminated.
