Petrobras back for yet another jumbo tender

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Petrobras back for yet another jumbo tender

Oliver West
May 22, 2018 12:45 pm
Petrobras, Brazil, LatAm
In the last two months, Petrobras, a company controlled by the Brazilian Government, reduced the price of fuels in refineries. The reduced value of the fuel, however, did not reach consumers. Petrobras supplies the fuel to distributors and allows the free market to set selling prices to consumers. In this image, the fuel station in the Copacabana neighborhood sells premium gasoline at BRL 4,189 / liter. (Photo by Luiz Souza/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/SIPA USA/PA Images

Brazilian oil and gas giant Petrobras is asking certain bondholders to sell their paper in what would be its second $4bn tender offer of 2018.

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Oliver West
US Bureau Chief - Latin America Editor
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