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Brazil's Rousseff Says She Won't Rule Out Petrobras Rescue

  • Rousseff was responding to question on possible capitalization
  • In December, CEO Bendine had dismissed share sale possibility
Updated on

Brazilian President Dilma Rousseff said her administration would be willing to evaluate government assistance to support state oil company Petroleo Brasileiro SA if conditions in the energy market deteriorate.

"We won’t rule out that it could be necessary to evaluate," Rousseff said Friday in Brasilia, responding to a reporter’s question about a possible capitalization of the company. "It’s not just the Brazilian government that won’t rule it out; no government would rule it out."