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Petrobras Targets Africa as Key Region for International Growth
PBRPetrobras(PBR) ZACKS·2025-06-09 20:31

Key Takeaways PBR submitted interest for nine offshore oil blocks in Ivory Coast to lead its expansion in Africa. A cooperation deal with Sonangol aims to fast-track PBR's presence in Angola's offshore sector. PBR seeks new reserves amid flat output, with talks underway to acquire African assets from global majors.Petrobras (PBR) , Brazil’s state-run integrated oil and gas company, has turned its strategic compass toward Africa, citing the continent’s geological synergy with Brazil’s prolific offshore bas ...