Petrobras Is Said to Eye Argentina Deals to Boost Energy Imports

Brazil’s state-controlled oil producer Petroleo Brasileiro SA is hunting for shale gas deals in Argentina as part of a bigger plan to increase supplies of the fuel to spur industrial growth, according to people familiar with the strategy.

Assets in which Petrobras is looking to acquire a stake include those of Tecpetrol SA, a unit of billionaire Paolo Rocca’s Techint Group, said the people, who asked not to be identified because the matter is confidential.

Petrobras said in a response to questions that it’s looking to generate value and restore oil and natural gas reserves through opportunities in ...