Petrobras in $6.22b debt mess

OpeOluwani Akintayo 26 September 2017, Sweetcrude, Lagos – Brazil’s national oil company, Petrobras is currently in a $6.22 debt mess. The company, currently is unable to pay back the loan due to low oil prices, prompting its creditors to agree on crude swap to reduce the debt burden. The debt will be settled through bonds […] More »