Petrobras CEO Says Expects More Divestitures in Oil Industry
Global upstream investment is likely to fall next year and industry divestitures could reach $35 billion, the head of Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday.
Petrobras' Chief Executive Officer Pedro Parente told reporters at the sidelines of an event in New York that he expects a divestment trend in the industry.
(Reporting by Guillermo Parra-Bernal; Writing by Alonso Soto; Editing by Phil Berlowitz)
(Reporting by Guillermo Parra-Bernal; Writing by Alonso Soto; Editing by Phil Berlowitz)