Aligns with news from Reuters
BRASILIA, March 15 (Reuters) - Brazil's federal audit court
TCU on Wednesday allowed state-run oil company Petroleo
Brasileiro SAto proceed with its divestment program,
but required the company to restart the process except for two
projects.
Petrobras had been prevented from signing any new asset
sales while TCU reviewed its procedures. The two assets that
Petrobras will be able to sell without restarting the process
from scratch were not disclosed by court.
Other reporting
Court of Audit of the Union (TCU) released Petrobras to resume the sale of assets. The plenary of the court of accounts approved the proposal of the minister José Múcio to suspend the precautionary measure that prevented the state from continuing its divestment process since December. However, the TCU decided to order Petrobras to restart all sales processes so that they follow a The only processes that can continue as they are are those involving assets identified as Opera and Portfolio 1. These names are "fantasy" - for commercial reasons, the court can not inform you that In December last year, TCU banned Petrobras from signing new sales contracts for assets and starting new sales processes until the procedures adopted in the state's divestment program were analyzed.
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