Petrobras, further to the press release of 12/7/18, reports that its Executive Board has approved the revision of the pricing policy for commercialization of Liquefied Petroleum Gas to distributors sold in cylinders of up to 13 kg for residential use and defined a new criteria for the application of adjustments, plus a transition rule for the year 2018 that will reduce the price of LPG sold at refineries by 5% starting tomorrow (01/19).
Petrobras informs that the process for selecting the new Governance and Compliance Executive Officer is ongoing, as the current officer, João Adalberto Elek Junior, is leaving office on April 30, 2018.
Petrobras reports that the company’s average oil production in Brazil achieved a historical record for the fourth consecutive year: It reached, in 2017, the mark of 2.15 million barrels per day (bpd), 0.4% above the previous year's result. For the third year in a row, the company meets its production target, confirming the predictability of its projections.
Petrobras and Total announce today that they have finalized a decisive milestone in the realization of their Strategic Alliance, signed in March 2017, with the completion of the following transactions:
Petrobras informs that S&P Global Ratings affirmed the company's corporate debt ratings at BB-, with a stable outlook, after downgrading Brazil’s sovereign risk level from BB (negative outlook) to BB- (stable outlook).
Petrobras announces that it has signed an agreement in principle to settle the securities class action lawsuit filed in the United States District Court for the Southern District of New York (“SDNY”).
Petrobras informs that received today a fiscal notification by the Federal Revenue of Brazil, requiring payment of withholding income tax (IRRF), contribution of intervention in the economic domain (CIDE) and social contributions (PIS and COFINS) on remittances abroad for payment of vessel charters, regarding 2013 fiscal year, in the amount of R$ 17 billion, of which R$ 7 billion refers only to IRRF.
Petrobras, further to the press release of 08/23/2017, reports that Law no. 13.586 was sanctioned on 12/28/2017 as a result of the approval of Provisional Measure no. 795/2017.
Petrobras, further to the Material Fact disclosed on 9/5/2017 and press release disclosed on 10/23/2017, informs the start of the binding phase regarding the sale process of 90% of its stake in Transportadora Associada de Gás S.A. ("TAG"), Petrobras wholly-owned subsidiary.
Petrobras informs that in December it executed, directly or through its controlled companies, debt prepayments in the total amount of US$ 5.1 billion, with the following creditors: BNDES , Morgan Stanley, Export Development Canada (EDC), Santander, The Bank of Tokyo-Mitsubishi UFJ, Citibank, Kreditanstalt für Wiederaufbau (KFW), JP Morgan, HSBC and Japan Bank for International Cooperation (JBIC). Of this amount, 72% were expected to be amortized over 2018 and 2019.