Petrobras Seeks to Update Market Commitments

Petroleo Brasileiro SA- Petrobras (PBR) has released an update.

Petrobras has announced its engagement with the Administrative Council for Economic Defense (CADE) to amend the Terms of Cessation Commitment (TCCs), aiming to align with the latest market and regulatory conditions. These amendments are part of a comprehensive technical discussion and uphold the company’s dedication to antitrust best practices and competition law compliance. The proposed changes are pending approval from both Petrobras’ Board of Directors and the CADE Court.

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