Brazil Daily

Petrobras has best quarterly results in history

Good morning. Petrobras just recorded the biggest quarterly profits in its history. A new plan to take doctors to remote Brazilian areas. The Supreme Court v. Operation Car Wash. Enjoy your read!

Petrobras has best quarterly results in history

Brazil’s state-owned company Petrobras has reported BRL 18.8bn in profits over Q2 2019—the best quarterly result in its history. The main drive was the sale of a pipeline network to a French-Canadian consortium for BRL 33bn. CEO Roberto Castello Branco informed that the company concluded USD 15bn of divestments in June, and said that “much more is to come.”

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