Wednesday, March 22, 2017

Petrobras raises asset sale goal to $21 bln for 2017-2018 period

SAO PAULO, March 22 (Reuters) - PetrĂ³leo Brasileiro SA

raised on Wednesday a goal for asset divestitures and

partnerships for this and next year to $21 billion from $19.5

billion previously, a sign Brazil's state-controlled oil company

plans to expand ventures with peers in segments from refining to

oil exploration.

In a presentation detailing fourth-quarter results, Petrobras

said cash and equivalents are expected at $19 billion

by year-end, compared with about $22 billion last year.

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