The document provides a financial analysis of Petroleo Brasileiro S.A. (Petrobras), focusing on its funding gap and cash flow forecasts through 2017. It discusses revised cash flow forecasts, assumptions on capex, production growth, and fuel prices, and the company's ability to meet its funding needs without government support. The analysis includes potential asset sales, debt issuance, and the role of Brazilian banks in providing secured credit. It also projects funding gaps for 2018 and 2019, highlighting challenges in raising significant debt.
doj/DataSet10/EFTA01378481.pdf
{"title":"Petroleo Brasileiro S.A. Financial Analysis","key_people":["Petroleo Brasileiro S.A. management"],"document_date":"2015-10-07","document_type":"financial","key_locations":["Brazil"],"key_organizations":["Petroleo Brasileiro S.A.","Deutsche Bank Securities Inc."]}