Petrobras may lower local supply purchases

Brazilian state-controlled oil company Petrobras  wants to buy less equipment from local companies because prices are not competitive, newspaper Folha de S.Paulo said on Monday, without saying how it got the information.
Petrobras wants to slash the share of locally-produced content it must use in its supplies and services to 35 percent from 65 percent, citing the inability of domestic oil services companies to meet demand and produce equipment efficiently, the newspaper reported.
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Source: Reuters