Petrobras says the antitrust authority has agreed to exempt the company from asset sales. Via Reuters

Posted on May 23, 2024 by darion

©Reuters. FILE PHOTO: A man walks in front of the headquarters of Petroleo Brasileiro SA (Petrobas) in Rio de Janeiro, Brazil, March 9, 2020. REUTERS/Sergio Moraes/File Photo

SAO PAULO (Reuters) – Brazilian state oil company Petrobras said on Wednesday that the country’s antitrust regulator Cade had approved new terms of a deal that would exempt the company from selling some of its oil refining plants and assets.

In a securities filing, Petrobras said the new terms of the deal, which was originally signed in 2019, had been approved by the regulator’s board.