Petrobras Includes TX Refinery, African Assets in Divestment Plan

Reuters, May 10, 2017

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. 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.

(Reporting by Bruno Federowski and Luciano Costa)

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