Petrobras, pursuant to the press release of 07/18/2017, informs that negotiations with Odebrecht S.A. to revise the terms and conditions of the Braskem S.A. Shareholder’s Agreement currently in effect, have evolved into studies with the purpose of carrying out a corporate restructuring with the unification of Braskem types of shares.
Petrobras states to be unaware of any judicial measures filed by Braskem against the Company linked to such propene supply contract.
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.