Petrobras Argentina Names Interim Leader

Ronaldo Batista Assuncao has been named interim CEO of Petrobras Argentina, the company says. Moving from within the company, he replaces Carlos Alberto da Costa, who leaves the post to take on other responsibilities with Petrobras in Brazil. The Brazilian state-controlled oil company has been discussing the sale of assets in Argentina under plan to divest $9.9bn in assets during 2013-2017, but recently said it has not seen any acceptable offers presented.