Petrobras To Keep Equipment Deployed On Drilling Site Until Ibama's Response On Its Appeal Next Week; Environmental Agency Ibama's Decision To Deny License For Drilling Project At Amazon; Expects To Hear Back From Ibama On Its Appeal In About 10-Days
Portfolio Pulse from Benzinga Newsdesk
Petrobras is awaiting a response from environmental agency Ibama on its appeal against the denial of a license for a drilling project in the Amazon. The company will keep equipment deployed on the drilling site until the decision is made, expected in about 10 days.
May 19, 2023 | 7:53 pm
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Petrobras is waiting for Ibama's decision on its appeal against a denied drilling license in the Amazon. The outcome may impact the company's operations and stock price.
Petrobras is awaiting a decision from Ibama on its appeal against the denial of a drilling license in the Amazon. The outcome of this decision may impact the company's operations and stock price in the short term. As the decision is still pending, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100