Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse

Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields producing 230,000 bpd, Reuters reported on Thursday, quoting three sources familiar with the matter.   Petrobras has been selling non-core assets and minority stakes in oilfields in Brazil and elsewhere, aiming to cut its massive debt. But the coronavirus pandemic and the oil price crash that followed have upended Petrobras’s plans to proceed with a sale of a minority…