OPINION: Petrobras strikes balance of resilience and ambition with new business plan

Investors unaccustomed to seeing Petrobras scale down production plans but Brazilian retrenchment leaves resilient core

Divestment: Petrobras, led by chief executive Roberto Castello Branco, is selling off assets — Divestment: Petrobras, led by chief executive Roberto Castello Branco, is selling off assetsPhoto: REUTERS/SCANPIX

Gareth Chetwynd

London

Petrobras Brazil National Petroleum Agency Guyana ANP

Published 30 November 2020, 13:53Updated 1 December 2020, 10:14