SAO PAULO, April 4 Brazil's state-controlled oil
firm Petroleo Brasileiro SA could reduce debt below a
projected target of 2.5 times Ebitda by the end of next year,
Chief Executive Officer Pedro Parente said on Tuesday.
According to Parente, that would be possible if the company
maintains the current trend of debt reduction. Petrobras has a
debt load of just under $100 billion, amongst the highest in the
global oil industry.
(Reporting by Bruno Federowski; Writing by Marcelo Teixeira;
Editing by Daniel Flynn)