Brazil to Get Data for Revision of Large Petrobras Contract

The Brazilian government will receive next month from the country's oil watchdog ANP the calculations to base the revision of a large contract with Petrobras known as the Transfer of Rights, the Energy Minister Fernando Coelho Filho said on Monday.

 

The contract, through which the government exchanged some oil areas in its coast for Petrobras equity, will be revised this year. Analysts expect Petrobras to receive a large credit in the revision, which could be paid in cash or oil.


(Reporting by Marta Nogueira; Writing by Marcelo Teixeira)