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Petrobras CEO: Brazil oil spill something extraordinary

October 10/2019

MOSCOW (MRC) -- Roberto Castello Branco, the chief executive of Brazilian oil company Petrobras, called the oil spill hitting the country’s northeastern coast “something extraordinary,” ruling out a tanker cleaning operation as the possible cause due to the amount of crude collected, as per Hydrocarbonprocessing.

Castello Branco said on Tuesday that it was not the role of his company to investigate the possible origins of the oil spill, but rather a job for Brazil’s federal police and navy.

As MRC wrote previously, in October 2017, Petrobras’s minority stakes in Braskem and Deten Quimica was excluded from Petrobras’s divestment program, according to a government decree published in Brazil’s Official Gazette. The decree prevented Petrobras from immediately selling its minority stake in Braskem, which had been announced last year. A new decree will be required to release the stock sale.

Headquartered in Rio de Janeiro, Petrobras is an integrated energy firm. Petrobras' activities include exploration, exploitation and production of oil from reservoir wells, shale and other rocks as well as refining, processing, trade and transport of oil and oil products, natural gas and other fluid hydrocarbons, in addition to other energy-related activities.
Author:Margaret Volkova
Tags:crude and gaz condensate, petrochemistry, Braskem, Petrobras, Brazil.
Category:General News
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