May 14, 2021

Firefighters try to control a fire in a Petrobras oil pipeline in Brazil

Firefighters try to control a fire in a Petrobras oil pipeline in Brazil

A fire that started today in an oil pipeline of the state oil company Petrobras in Sao Paulo, the largest city in Brazil, has not yet been controlled by firefighters who continue to attend the emergency with at least 12 tank cars, reported today. official sources.

The fire began when the repair of a pipeline pipeline that was stolen on Thursday was advanced, according to a note released by Petrobras.

The oil company said there are no victims of the fire and said that they are adopting "all possible measures so that the situation normalizes as quickly as possible."

According to the fire department, the fight against fire, for which at least twelve tank cars were mobilized, had to be supported with foam-generating liquid (LGE), since the water used initially was not enough to control the flames .

Petrobras requested the collaboration of local residents to minimize the "dangers" that may arise with the incident.

Petrobras is the largest company in Brazil, controlled by the State but with shares traded on the Sao Paulo, New York and Madrid stock exchanges.

After chaining four consecutive years of losses, in 2018 the oil company reached in the first nine months of this year, its best result for the period in the last seven years, with which you can rely on putting an end to four years of losses.

The good result came after four consecutive years of negative balance sheets, caused by the biggest recession in Brazil in decades, the sharp fall in oil prices, the gigantic corruption scandal that led, the increase in debt to historic levels and its own bad management, which forced the company to announce a deep restructuring plan in 2016.


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