Crisis: Petrobras asks for help to strengthen liquidity

Last Friday (20), Petrobras said in a statement that it requested banks to disburse their committed credit lines in the amount of about 8 billion dollars.

“The disbursement is consistent with the company’s strategy of strengthening liquidity in order to protect itself within the current crisis context, due to the COVID-19 (coronavirus) pandemic and oil price shock,” said the company, which to further strengthen your cash flow, is also thinking about further cost reduction and optimizations of your working capital.

In addition, the state said that the current crisis reinforces the importance of business pillars of the company, such as “maximizing the return on capital, reducing the cost of capital, incessant search for low costs, meritocracy and respect for people, environment and security.”

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