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Brazilian petroleum corporation Petrobras may exit its costly onshore Bahia Terra operations due to weak oil prices. CEO Magda Chambriard said the firm is undecided on whether to sell, outsource, or retain the asset. With OPEC+ raising output and Goldman Sachs projecting sub-$60 oil, Petrobras faces pressure despite a planned $4.8 billion investment in Rio de Janeiro.
short by / 03:51 pm on 07 Jul
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