Summary
- Petrobras is investing in a 40% stake in Galp Energia’s Namibian oil assets.
- The offshore oil discovery in Namibia could hold up to 10 billion barrels of oil.
- Petrobras aims to enhance reserves due to depleting fields and an expected production peak in 2030.
- The company is adjusting its refinery divestment strategy and committing to non-discriminatory oil pricing to improve governance and competitiveness.
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