Petrobras Divestment to Include TX Refinery, African Assets
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
