Tuesday, Sep 21st 2021 5:05 PM

Market Digest Nigeria


Exxon, Petrobras in partnership discussions

Exxon Mobil (XOM -0.7%) and Petrobras (PBR +0.9%) have held talks on a strategic partnership that could involve multiple assets in Brazil and overseas in different segments of the industry, Bloomberg reports.

Such a wide-ranging deal could give XOM access to oil fields and infrastructure in Brazil while PBR could gain from XOM’s expertise in production, refining and distribution. Last week, PBR CEO Pedro Parente reportedly met in Houston with Carla Lacerda, XOM’s top exec in Brazil, and Felipe Arbelaez, BP’s head of Latin America, who said “all companies are reviewing their Brazil strategy” in light of policy changes undertaken by Brazil’s government.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top
Get the best of Market Digest Nigeria financial news
delivered to your inbox daily!
By clicking Give it a try, I hereby: Agree and Consent to the Terms of Use and the Privacy Policy
& I may receive free newsletters & promotions from this site and can choose to unsubscribe anytime.