Brief: Brazil\'s Petrobras says fuel theft costs exceed $39 million

Brief: Brazil's Petrobras says fuel theft costs exceed $39 million

Petrobras, as the company is known, also said it was hoping to reduce fuel theft by 75% by 2021. Reuters  |  June 08, 2019, 11:35 IST
Brief: Brazil's Petrobras says fuel theft costs exceed $39 million RIO DE JANEIRO, - The cost of fuel thefts taking place in oil and gas pipelines operated by Brazil's state-controlled Petroleo Brasileiro SA exceed 150 million reais ($38.92 million) a year, a company executive said on Friday at a corporate event.

Petrobras, as the company is known, also said it was hoping to reduce fuel theft by 75% by 2021. ($1 = 3.8537 reais)