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An announcement from Petroleo Brasileiro SA- Petrobras ( (PBR) ) is now available.
Petrobras has announced that it is in the process of reviewing its contracts with Unigel, specifically concerning the fertilizer plants known as FAFENs, as part of its 2025-2029 Business Plan. The company aims to resume operations in the fertilizer segment, seeking to enhance value through the production and sale of nitrogen products, which align with its oil and natural gas production chain and the broader energy transition strategy. The outcome of these negotiations will be disclosed to the market once approved by Petrobras’ relevant bodies.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, officially known as Petroleo Brasileiro S.A., is a major player in the Brazilian petroleum industry. The company is primarily involved in the extraction, refining, and distribution of oil and natural gas, with a strategic focus on integrating its operations with the energy transition and the production of related products such as fertilizers.
YTD Price Performance: 1.81%
Average Trading Volume: 14,764,804
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $82.7B
See more insights into PBR stock on TipRanks’ Stock Analysis page.
