Petrobras Receives Payment Related To Diesel Price Subvention Program

(Energy Analytics Institute, Aaron Simonsky, 1.Feb.2019) — Brazil’s state oil company Petrobras received a payment for R$ 684.2 million related to the diesel economic subvention program.

The payment relates to the fifth period of the third phase of the program from November 29, 2018 to December 15, 2018, the company announced in an official statement.

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Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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