Petrobras in Partnership Talks With Vale, OGX, Economico Says

Petroleo Brasileiro SA (PETR4) is in talks with Vale SA (VALE) and billionaire Eike Batista’s EBX Group for logistics and infrastructure partnerships to cut costs, Chief Executive Officer Maria das Gracas Foster told Brasil Economico in an interview.

Petrobras, as the state-run oil producer is known, aims to have its new business plan ready around July, Foster said, according to the Sao Paulo-based newspaper.

To contact the reporter on this story: Carlos Caminada in Sao Paulo at ccaminada1@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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