Petrobras includes Texas refinery, African assets in divestment plan
5/10/2017 8:09:00 AM
SAO PAULO (Reuters) -- 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 B 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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