Petrobras weighing options for Bahia Terra cluster amid lower oil prices

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Bolsonaro Considers Privatization of Oil State Company Petrobras

Wagner Meier/Getty Images News

Petróleo Brasileiro (NYSE:PBR) is evaluating multiple options, including a sale of its onshore operations in Bahia state in Brazil’s northeast, as low oil prices threaten their financial viability, CEO Magda Chambriard said, according to Bloomberg News.

The fields, known collectively as

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