×

Petrobras CEO: Pre-salt oil extraction costs $8 per barrel

RIO DE JANEIRO, Aug 8 (Reuters) - Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petroleo Brasileiro SA Chief Executive Officer Pedro Parente said at an event on Tuesday.

Parente also said the state-controlled company's new fuel pricing policy will reduce the chance of prices reaching below international parity. (Reporting by Jose Roberto Gomes; Editing by Chizu Nomiyama)