Petrobras Seeks Partner for Japan Subsidiary, Unit Head Says

Petroleo Brasileiro SA, the oil company with the world’s largest investment plan, may sell a stake in its Japanese business while it focuses on developing deep-water fields in Brazil.

Petrobras, as the Rio de Janeiro-based company is known, is talking to potential partners, including Japanese and foreign companies, for its Nansei Sekiyu K.K. subsidiary, Osvaldo Kawakami, head of the unit, told reporters today in Salvador, Brazil. Kawakami declined to give details of the size of the stake to be sold.