Petroleo Brasileiro (Petrobras) is seeking to acquire Italian oil company, Eni’s 33% stake in Portugal’s Galp Energia, Bloomberg reports. According to Lisbon-based newspaper, Diario Economico, the Brazilian oil company has offered around €3.5 billion for the stake. Galp is already a partner with the Rio de Janeiro-based Petrobras in exploration and production in offshore fields in Brazil. Rome-based Eni had previously said it was reviewing options for its stake in Galp stake.
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