STXNEWS LATAM-Petrobras to sell Uruguay assets to Shell

Reuters

The executive board of Brazil's state-run oil company PetroleoBrasileiro SA approved the sale of the company'sstake in two oil prospects in Uruguay's Punta del Oeste Basin toRoyal Dutch Shell Plc for $17 million, according to afiling late on Friday.

The company, known as Petrobras, is selling oil fields,exploration rights, refineries and other assets to help financea $237 billion, five-year investment plan.

View Comments (0)