Petrobras Flush With Cash Despite Mubadala Losses

Posted on 11/10/2023

Those who follow the financial news out of Brazil may remember that Mubadala Investment Company has been losing money on a Brazilian oil refinery due to Petroleo Brasileiro’s (Petrobras) policies. Mubadala owns the refinery through its operator Acelen, or MC Brazil Downstream. Mubadala lost 37% on its bonds in the country. Brazil President Luiz Inacio…

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