Petrobras offloads assets totaling USD 2.2 billion

Brazilian oil company Petrobras has signed a deal with France's Total to sell assets worth USD 2.2 billion. The transaction is part of the state-owned company's efforts to reduce debt.

by NIKLAS KRIGSLUND

Brazil's oil major Petrobras has sold assets worth billions to French Total as part of the company's cost reduction efforts.

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