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Petrobras to sell US refinery and Africa assets
The sales come as part of a plan including $21 billion in divestment
Published on 10/05/2017 - 15:50 By Douglas Corrêa reports from Agência Brasil - Rio de Janeiro
In 2006, when the refinery was bought, Brazil's oil firm payed $360 million for 50% of the refinery ($190 million for the documents, and $170 million for the oil in Pasadena)
Petrobras will sell its Pasadena refinery, in the US, and its stake in Petrobras Oil & Gas BV, which controls assets in Africa. The announcement was made today (May 10). The purchase of the refinery has been brought under investigation by the Federal Police as part of its Operation Car Wash.
The state-controlled oil giant reported that sale transactions will be carried out under its $21 billion divestment plan for 2017-2018.
Pasadena
The purchase of the Pasadena oil refinery by Petrobras, in Texas, is under probe by the Federal Police for bid-rigging and the illegal transfer of funds abroad.
In 2006, when the refinery was bought, Brazil's oil firm payed $360 million for 50% of the refinery ($190 million for the documents, and $170 million for the oil in Pasadena). The amount was larger than the one paid a year before by Belgian company Astra Oil for the whole refinery ($42.5 million).
Translated by Fabrício Ferreira
Fonte: Petrobras to sell US refinery and Africa assets
Edition: Maria Claudia / Nira Foster