According to Credit Suisse, Petrobras (PETR3; PETR4) could benefit from the soaring oil prices. This may benefit the company, but Petrobras may also raise fuel prices in Brazil.
Meanwhile, according to the Relatório Reservado website, the Russian company Acron broke Petrobras' monopoly on gas. The group, which bought the state's own nitrogenous unit in Três Lagoas (MS), will be heavily involved in the acquisition of the input directly from Bolivia, without intermediaries. Gas is the highest estimated cost of the venture, whose works will still be completed by Acron.
Today, Petrobras reported that the FPSO P-68 platform left the Jurong Aracruz shipyard for the Berbigão and Sururu fields in the Santos basin pre-salt in São Paulo. The Brazilian state anticipates that the start of production of FPSO P-68 will occur in the fourth quarter of 2019, according to a statement published today (16.09.2019).
