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Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) Offloads Oil Field AssetFor $2.5 Billion

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has reached an agreement for the sale of a majority stake in an offshore oil block in Brazil to Norwegian oil company Statoil ASA ADR (NYSE:STO). According to a statement from the Norwegian company, the deal is worth $2.5 billion for a 66% stake in the BM-S-8 offshore license, […]

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