BRASIL: Petrobras Denies Seeking Stake In Portugal's Galp Energy.

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Petrobras is now denying that it interested in buying into Portugal’s Galp Energia. As Portugal's biggest oil company, Galp would benefit from Petrobras’s deepwater expertise. Galp has partnered with Petrobras on 54 exploration blocks offshore Brasil, including the massive Tupi Field.

Petrobras Expected To Raise Government's Share to 50%.

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Petrobras says Brasil's government will likely boost its 32 percent stake after a planned share sale.
Folha de S. Paulo newspaper reported today that the government plans to raise its stake in Petrobras to more than 50 percent of total capital, quoting Energy Minister Edison Lobao.