Rio de Janeiro \u2013 The Finance and Investor Relations Director at Petrobras, Almir Barbassa, said on Friday (18), that the company needs to collect at least US$ 17 billion in new money for investment. <\/p>\n
According to Barbassa, the state-owned company needs US$ 262 billion by 2014. Petrobras already has part of the funds, partly in the till and partly from capital increases already performed on the market.<\/p>\n
According to the director, however, the organisation’s funds will be US$ 46 billion short, including US$ 29 billion for amortisation. "We need at least US$ 17 billion in new money," he said, in an event with Norwegian businessmen at the Brazilian Development Bank (BNDES).<\/p>\n
"Norway, with all its financial potential, its sovereign fund, may have a share and the o BNDES, as a long time partner, may have another," he finished off. In an interview during the event, the BNDES vice president, Armando Mariante, avoided anticipating any information regarding possible financing.<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
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