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Petrobras (PBR) reportedly has enlisted Citigroup to shop its Houston-area refinery as it...

  • Tuesday, November 27, 2012, 4:49 PM ET
    Petrobras (PBR) reportedly has enlisted Citigroup to shop its Houston-area refinery as it continues to shed assets to help fund offshore drilling back home in Brazil. The 100K bbl/day refinery is well located to receive growing crude supplies coming out of shale formations in south and west Texas, but a sale could result in a loss for PBR, which paid nearly $1.2B for the facility.
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This news story has 2 comments:

  •  
    Continuing indicators of the ongoing desperation in PBR caused by Brazil government influence.
    27 Nov 2012, 06:08 PM Reply Like
  •  
    Economist There is nothing wrong with a corporate refocus. GO PACK GO!!!!
    27 Nov 2012, 06:34 PM Reply Like
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