Petrobras Expects $17 Bln Investment, $8 Bln Divestitures this Year

Brazil's state-controlled Petróleo Brasileiro SA has targeted spending $17 billion in investments and selling $8 billion worth of assets this year, a presentation by the oil company published on Friday said.
 
The presentation explaining second-quarter results also said Petrobras will refinance as much as $13 billion worth of debt and generate about $27 billion in cash. In a conference call, executives said Petrobras is not currently considering debt sales in international markets.


(Reporting by Marta Nogueiera and Alexandra Alper; editing by Grant McCool)

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