Petrobras suspends new divestment projects in E & P after STF's decision



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© Reuters. Petrobras, Rio de Janeiro

SAO PAULO (Reuters) – The state-owned company Petrobras (SA 🙂 will suspend the publication of opportunities related to new divestment projects of exploration badets and Oil production (E & P) in a decision after a preliminary injunction issued by Marco Aurelio Mello of the Federal Supreme Court (STF) this week, the company said in a press release.

Marco Aurélio's decision suspended Wednesday the effects of a decree defining the rules of governance (19659004) Experts have already pointed out that the injunction could generate uncertainties on the sales of Petrobras badets in the E & P sector, published by Reuters

In the press release issued Thursday evening, Petrobras said he understood that the decision had no bearing on the process of awarding "

" In this Regarding the future process of badigning rights in E & P, Petrobras states that it is studying alternatives to continue its divestment program, in accordance with current legislation and "19659004] Petrobras is aiming for a divestiture of 21 billion dollars for fiscal year 2017/2018, a mark that the company has already admitted that will not be reached precisely because of judicial deadlocks in the sale of badets. [19659007] (By Luciano Costa)

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