Presuming it is Petrobas (which I think is likely the case).
It is still state-controlled.
I believe that any transaction regardless of size by a foreign government or a state-owned enterprise requires FIRB approval.
Can someone please clarify the exact comments made about the independence of the farminee?
Can someone also advise as to the current ownership of Petrobas?
I think its done before, but it could help clarify the situation.
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