Petrobras expands oil exploration to Ivory Coast

Petrobras has signed an exploration contract for eight blocks located in the equatorial margin of the Ivory Coast. This move allows the Brazilian state-owned company to seek oil reserves off the West African coast.

Additionally, Petrobras announced a diesel price increase of R$1 per liter at its refineries. However, the company stated that a 30-day subsidy of R$1 will neutralize the adjustment, maintaining the final price for consumers.