BR100 Increased By (1.73%)
BR30 Increased By (1.95%)
KSE100 Increased By (1.89%)
KSE30 Increased By (1.95%)
BECO 5.71 No Change ▼ 0.00 (0%)
BML 58.71 Decreased By ▼ -0.96 (-1.61%)
BOP 36.38 Increased By ▲ 0.65 (1.82%)
CNERGY 8.33 Increased By ▲ 0.05 (0.6%)
DCL 11.86 Decreased By ▼ -0.27 (-2.23%)
FCCL 57.51 Increased By ▲ 0.12 (0.21%)
FCSC 5.42 Decreased By ▼ -0.10 (-1.81%)
FFL 18.06 Increased By ▲ 0.03 (0.17%)
FNEL 1.34 Decreased By ▼ -0.01 (-0.74%)
HUMNL 11.67 Increased By ▲ 0.01 (0.09%)
KEL 8.14 Increased By ▲ 0.07 (0.87%)
KOSM 6.06 Decreased By ▼ -0.20 (-3.19%)
MLCF 97.67 Decreased By ▼ -0.46 (-0.47%)
NBP 206.61 Increased By ▲ 8.28 (4.17%)
PACE 11.76 Decreased By ▼ -0.01 (-0.08%)
PAEL 43.56 Increased By ▲ 0.47 (1.09%)
PIAHCLA 27.95 Increased By ▲ 0.60 (2.19%)
PIBTL 18.35 Increased By ▲ 0.39 (2.17%)
PPL 238.89 Increased By ▲ 6.11 (2.62%)
PRL 36.27 Increased By ▲ 0.58 (1.63%)
PTC 67.99 Increased By ▲ 0.41 (0.61%)
SEARL 98.00 Increased By ▲ 3.72 (3.95%)
SSGC 30.43 Increased By ▲ 2.77 (10.01%)
TELE 9.54 Increased By ▲ 0.35 (3.81%)
THCCL 68.69 Decreased By ▼ -1.90 (-2.69%)
TPLP 11.27 Decreased By ▼ -0.10 (-0.88%)
TREET 26.25 Increased By ▲ 0.83 (3.27%)
TRG 70.42 Increased By ▲ 1.57 (2.28%)
WAVES 11.40 Increased By ▲ 0.15 (1.33%)
WTL 1.29 No Change ▼ 0.00 (0%)

petrobrasSAO PAULO: Brazil's state-controlled oil firm Petroleo Brasileiro SA could reduce debt below a projected target of 2.5 times Ebitda by the end of next year, Chief Executive Officer Pedro Parente said on Tuesday.

According to Parente, that would be possible if the company maintains the current trend of debt reduction. Petrobras has a debt load of just under $100 billion, amongst the highest in the global oil industry.

 

 

Copyright Reuters, 2017
 

 

 

 

Comments

Comments are closed for this article.