August 20, 2019 / 12:58 PM / a month ago

Petrobras says cost of oil extraction in sub-salt area may fall below $6 a barrel

RIO DE JANEIRO, Aug 20 (Reuters) - State-controlled oil firm Petroleo Brasileiro SA said the cost of extracting oil in subsalt areas may fall from the current level of $6 a barrel, Chief Executive Roberto Castello Branco said during an event.

Reporting by Marta Nogueira Writing by Ana Mano Editing by Chizu Nomiyama

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