Mubadala Pushing Ahead With Petrobras Despite Setbacks
Posted on 09/05/2023
Mubadala has been losing ground on its investment in a Brazilian oil refinery due to Petroleo Brasileiro’s (Petrobras) policies. Mubadala owns the refinery through its operator Acelen, or MC Brazil Downstream. Mubadala has lost 37% on its bonds in the country. President Luiz Inacio Lula da Silva wanted to see cheaper petrol within the country,…
