PETROBRAS ARGENTINA S.A. PZE

Energy Oil & Gas Integrated

"Petrobras Argentina engages in oil and gas exploration and production, refining and distribution, petrochemical manufacturing, and gas and energy activities in Latin America. In 2010, the firm produced 102,200 barrels of oil equivalent per day (50% oil) and had proven reserves of 250 million barrels of oil equivalent (43% oil). Petroleo Brasileiro (Petrobras) owns 67.2% of Petrobras Argentina's outstanding shares."

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PETROBRAS ARGENTINA S.A.

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Post by 1Derrickon Apr 23, 2015 5:45am

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Post# 23655832

Petrobras Slumps to $7 Billion Loss in Delayed 2014 Results

Petrobras reported a net loss of B$21.6 billion (US$7.2 billion) in FY-2014, hit by a B$51 billion write-down due to a massive corruption scandal. The company booked an impairment charge of B$6.2 billion in 2014, resulting from poor planning, declining oil prices and excess costs.

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Critical raw materials pioneer drives Europe’s clean energy transition