Petrobras divestment from Nigeria threatened as Vitol opts out

Petrobras divestment from Nigeria threatened as Vitol opts out

Plans by Petrobras, Brazil state-owned oil firm to sell 50 percent stake in its Nigerian oil and gas exploration joint venture, JV, with BTG Pactual Exploration and Production for $1.53 billion has hit the rocks as Vitol, one of the principal buyers has opted out of the deal.

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