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BREAKING NEWS

Petrobras expects to take in $7 billion from divestments this year total

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Petrobras expects to take in $7 billion from divestments this year total

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RIO DE JANEIRO (Reuters) - Brazil's Petroleo Brasileiro <PETR4.SA> expects to rake in $7 billion (5.3 billion pounds) total this year from divestments, the state-controlled oil company said on Tuesday following disappointing third quarter earnings.

The company also plans to generate $30 billion in cash from operations this year, it added.

(Reporting by Marta Nogueira)

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