Petrobras plans to cut $8.1 bln in operational costs through 2023

09 March 2019, Sao Paulo — Brazil’s state-controlled oil company Petróleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a securities filing released on Friday. Petrobras said it intends to reach that economy on costs mainly with reductions in expenses … More »