Petrobras falls short of asset-sales target (MarketWatch)

01 / ENE / 2017
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Petrobras falls short of asset-sales target (MarketWatch)

By Rogerio Jelmayer (MarketWatch)

SÃO PAULO -- State-controlled Petróleo Brasileiro SA announced a flurry of asset sales as the year wound down, but still fell short of its $15.1 billion divestment target for the 2015-2016 period.

The oil company commonly known as Petrobras faces similar challenges in the year ahead but its management has made progress in restoring investor confidence and cutting a huge debt load, analysts say.

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