MERCO PRESS/ Energy Minister Edison Lobao reports that “Petrobras has no funding problems" and that the company will issue between $40 billion and 60 billion USD of new stock. “The share sale will help us to diversify our funding sources.” If the Senate approves an oil rights transfer, Petrobras will be allowed to sell shares by June. Petrobras plans on spending $174.4 billion USD through 2013 to tap its deep offshore fields.
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