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Petrobras: Competitive Fuel-price Policy Vital to Cut Debt

Posted by May 18, 2015

Brazil's state-run oil company Petroleo Brasileiro SA said on Monday that having a competitive pricing policy for domestic gasoline and diesel was crucial to reducing the company's debt.
 
On a conference call with investors to discuss first quarter results, the company also said its fields outside the subsalt area had a decline rate of 10 percent.
 
 
(Reporting by Jeb Blount; Writing by Stephen Eisenhammer, Editing by Franklin Paul)

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