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Petrobras expects asset sales to bring $8 bln in cash this year

SAO PAULO May 12 Petroleo Brasileiro SA expects to generate $8 billion of liquidity from asset sales this year, the state-controlled Brazilian oil firm told investors in a presentation on Friday.

In March the company, known as Petrobras, said it plans to strike deals in 2017 and 2018 to sell assets and stakes in projects worth $21 billion in order to reduce debt. (Reporting by Roberto Samora; Editing by Chizu Nomiyama)

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