Petrobras Includes Additional Assets to Possible Sale
Petróleo Brasileiro SA will include its Pasadena, Texas refinery and its African assets in a divestment plan, the Brazilian state-controlled oil company said in a Wednesday securities filing, Reuters reported Wednesday.
Petrobras, as the company is known, reaffirmed its target of divesting up to $21 billion in assets by the end of 2018. It currently controls half of divesting African venture Petrobras Oil & Gas BV, or Petrobras Africa.
Copyright May 10, 2017, Mike Shiloh, Texas Energy Report LLC, www.texasenergyreport.com, All rights are reserved