Petrobras aims to trim $15.4bn by 2016
19 December 2012 05:26 GMT
Petrobras plans logistics slimdown
30 November 2012 11:48 GMT
drive to cut costs
25 October 2012 06:33 GMT
Logistics role in the offing
31 January 2013 11:59 GMT
Petrobras moves on Campos
04 April 2013 10:59 GMT
09 April 2013 19:38 GMT
The family of companies, which includes electricity, logistics and port operations as well as oil and gas explorer OGX, has been short of cash in the wake of delays and cost overruns.
For its part, Petrobras has been looking to trim costs and unload assets as it works to bring online the riches of Brazil’s pre-salt province.
"EBX is one of the groups we are evaluating for projects that will serve us in the medium and long term, its business, not aid," Reuters quoted chief executive Maria das Gracas Foster as saying.
"Petrobras has to reduce its capital expenditure. It can't do everything, build everything and be the owner of everything.”
Shares of the businesses surged in the wake of the remarks, with logistics arm LLX up 9.33%, OGX up 8% and shipbuilder OSX gaining 1.4%.
Petrobras previously said it aims to cut costs by $15.4 billion by 2016.
Those reductions include $5.4 billion in logistics costs through 2020.
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