Petrobras Saved $3.8 Bln This Year by Managing Debt Netter -CEO
Brazilian state-run oil company Petroleo Brasileiro SA has saved $3.8 billion this year by improving the way it manages its debt, Chief Executive Aldemir Bendine said on Wednesday.
The company will emerge slimmer but more robust from the current process of restructuring, Bendine told lawmakers during a hearing by a congressional committee in Brasilia.
(Reporting by Jeb Blount; Writing by Stephen Eisenhammer; Editing by Leslie Adler)
