UPDATE 1-Petrobras to sell stake in Africa unit to Vitol-led group for $1.5 bln
October 31, 2018 at 19:42 PM EDT
Brazil's Petroleo Brasileiro SA will sell its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53 billion, the latest step in the state-controlled oil company's debt reduction drive, according to a securities filing on Wednesday.
