RIO DE JANEIRO, June 3, 2016 - Pedro Parente, new president of Brazilian oil giant Petrobras, addresses a ceremony at the Petrobras headquarters in Rio de Janeiro, Brazil, on June 2, 2016. Pedro Parente announced Wednesday that the company would continue selling off assets in order to pay down its massive debt.

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Pedro Parente (1st L), new president of Brazilian oil giant Petrobras, addresses a ceremony at the Petrobras headquarters

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