Petrobras Cancels Sale of Fuel Asset in Colombia

Brazil’s Petrobras has canceled the sale of its shares in Petrobras Colombia Combustibles, aligning with its strategic focus on profitability and sustainability.

Petrobras, Brazil’s state-controlled oil company, has officially canceled the sale of its shares in Petrobras Colombia Combustibles (PECOCO). This decision was announced on Friday and reflects the company’s adherence to its current strategic guidelines. Petrobras aims to diversify its portfolio while ensuring profitability and sustainability in its operations.

In summary, Petrobras has opted to terminate the sale of PECOCO, aligning this decision with strategic goals focused on profitable diversification and sustainability. This move underscores the company’s commitment to its operational framework.

Original Source: www.tradingview.com