Brazil May Determine Price for Oil Swap by Aug. 19, Estado Says
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Brazil’s National Petroleum Agency, ANP, may get the results of studies to determine the price it will charge per barrel in an oil-for-stock swap with Petroleo Brasileiro SA by Aug. 19, O Estado de S. Paulo reported.
The National Council for Energy Policy will discuss the amount Petrobras will pay for the oil three or four days after ANP receives the calculations from external consultants, Estado said, without revealing where it got the information. The government will sign a final contract by Aug. 31, the newspaper said.