Brazil's Petrobras reports record loss of $9.6 bn for 2015
Brazil
Rio de Janeiro - Arab Today
Brazilian state oil company Petrobras on Monday reported a record loss of $9.6 billion for 2015, hit by the crash in crude prices and a corruption scandal in which it is the central player.
"It was an extremely difficult year for the oil industry in general," chief executive Aldemir Bendine told a press conference.
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