---
title: "Key facts: Petrobras Joins Fuel Subsidy; MoU with Saipem on Subsea Work"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287208948.md"
description: "Petroleo Brasileiro SA (PETR3) has approved participation in a government fuel subsidy program. Additionally, Petrobras signed a nonbinding one-year MoU with Saipem to collaborate on subsea decommissioning and plug-and-abandonment in Brazil, focusing on enhancing efficiency and sustainability."
datetime: "2026-05-21T11:14:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287208948.md)
  - [en](https://longbridge.com/en/news/287208948.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287208948.md)
---

# Key facts: Petrobras Joins Fuel Subsidy; MoU with Saipem on Subsea Work

-   Petroleo Brasileiro SA Sponsored ADR (PETR3) said its board approved joining a government fuel subsidy program; filing confirms formal board authorization and participation in the subsidy plan.1
-   Petrobras (PETR3) signed a nonbinding one-year MoU with Saipem to cooperate on plug-and-abandonment and subsea decommissioning in Brazil, aiming to boost efficiency, sustainability and innovation.2

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