Petrobras sale

Petrobras sale

12 mb/d the company averaged in 2015. ’s (PAI) interest in the entire Pasadena refining operations system, the sale of which includes PAI’s stake The sale takes away the key asset of the company's Petrobras Americas unit, which was part of a company's initiative to have refining and distribution assets in the United States, and not limit Feb 20, 2019 · Petrobras' asset sale program has been targeted by court decisions, including some by the Supreme Court, requiring Congressional approval …State-owned Petrobras’s board of directors has given a green light for the sale of LPG distribution unit, Liquigás Distribuidora, to Companhia Ultragaz, a subsidiary of Ultrapar Participações. Petrobras Considers Sale of Pasadena Refinery to Lower Debt. 03/01/2019 Sale of onshore fields - Lagoa Parda Cluster: Start of the binding phasePetrobras formally is seeking a qualified buyer for affiliate Petrobras America Inc. Petrobras rewrites rules for sale of fuel distribution unit BR Distribuidora Pedro Parente, president of Petrobras, says the divestiture of Petrobras Distribuidora S. By CPI on October 12, 2017 No Comment. 5%) says it will reopen the bidding process for stakes in its TAG pipeline unit and Araucaria fertilizer factory, as well as Jan 16, 2019 Brazil's solicitor general overturns an injunction that prevented Petrobras (PBR) from proceeding with the sale of a 90% stake in TAG gas Dec 7, 2018 The sale of TAG, which operates natural gas pipelines in Brazil's north and northeast, could fetch Petrobras as much as US$7 billion, in one of Dec 5, 2018 Brazilian state-run oil company Petroleo Brasileiro SA (NYSE: PBR) plans to raise some $26. Petrobras Africa participates in two deepwater oil exploration Petrobras agreed to sell a 90% stake of its natural-gas pipeline unit to a consortium led by Brookfield Asset Management for about $5. Petrobras said the $453 million sale are fields that have run for over four decades in the northeast state of Rio Grande do Norte. , a Share Purchase Agreement - SPA relating to the sale of all the shares held by PAI in the companies that encompass Pasadena's entire refining operations system in the United States. February 7, 2018. 2 billion, as it works to pay down debt amid low energy prices State-owned Petrobras’s board of directors has given a green light for the sale of LPG distribution unit, Liquigás Distribuidora, to Companhia Ultragaz, a subsidiary of Ultrapar Participações. (PIB BV), the sale Petrobras, Brazil's state-controlled oil company, has decided to sell its Pasadena refinery, the subject of a sweeping corruption investigation as well as multiple lawsuits alleging that it Petrobras now thinks it will be able to produce 2. 3 billion-real ($1. Petrobras asset sales fuel Brazilian M&A revival. Rio de Janeiro, March 8, 2019 - Petróleo Brasileiro S. 1 billion) stake in Braskem up for sale …Petrobras’ legal manager for acquisitions and divestment, Claudia Zacour, told the committee the sale of Petrobras Argentina was part of the Brazilian oil company’s divestment plan to reduce Real time Petroleo Brasileiro (PBR) stock price quote, stock graph, Here's Why Petrobras Climbed 34. Petrobras Stock Upgraded on Hopes for Production Growth Barron's Online 19:02 12-Feb-19. Petrobras is the largest publicly-traded Latin American oil company, which dominates Brazil’s oil and gas sector. Pasadena Refining is an independent refiner and marketer of petroleum products with a crude oil capacity of just over 110,000 barrels per day. A. (“POGBV”), a joint venture formed by Petrobras (50%), BTG Pactual E&P B. of shale; Gas and Power, which includes transportation and trading of LNG and natural gas, as well as generation and sale of electricity; Distribution, which sells oil "Petrobras needed to tap the market, since one of the company's pressing issues was liquidity," he said. Nov 01, 2018 · Rio de Janeiro (AFP) - Brazilian state oil company Petrobras on Wednesday announced the sale of its holdings in two Nigerian oil blocks for $1. until the Brazilian company Petrobras to sell Total $2. In December, Petrobras agreed to sell a stake in a Brazilian oil field to Norway’s Equinor ASA that’s valued at as much as $2. Petrobras is leading this sale …Petrobras’ legal manager for acquisitions and divestment, Claudia Zacour, told the committee the sale of Petrobras Argentina was part of the Brazilian oil company’s divestment plan to reduce Rio de Janeiro, January 30, 2019 - Petróleo Brasileiro S. 9 billion, was seen as the most profitable divestment made by …Feb 07, 2018 · Petrobras Considers Sale of Pasadena Refinery to Lower Debt. Petrobras focus on upstream asset sales Brazilian giant forced to alter divestment strategy after injunction but still sees way to press ahead with disposalsThe sale of the refinery is part of Petrobras‘ divestment program and needs to be submitted to regulatory bodies. (40%) and Helios Investment Partners (10%). P. 4B Stake In Petrobras Benzinga Newsdesk Tue, 26 Feb 2019 10:31:03 -0500 Shares of several oil stocks are trading higher amid a 2% climb in the price of oil after Saudi Arabia Petrobras in February put the refinery up for sale in a two-step process that began with a non-binding phase to allow potential buyers to look over the plant. Pampa Energía, a public traded company, is an integrated energy company in Argentina operating in the oil and gas sector as well as in the generation Petróleo Brasileiro S. 5 billion to Norway’s Statoil ASA, as its efforts to shed assets and pay down its massive Live chart of PETROBRAS PN N2. Petrobras is the largest publicly-traded Latin American oil company, which Petrobras’ asset sale program has been targeted by court decisions, including some by the Supreme Court, requiring Congressional approval for some processes. Lease Sale 157 in 1996. Brazil's state-owned Petrobras announced today it will sell 100% of its stake in Petrobras Oil & Gas B. The deal drew controversy in Brazil due to the low price the company received for its shares compared to the USD 3 billion that the NOC had originally paid for the local unit in 2002. Vantage Deepwater Co. 7 million barrels per day (mb/d) by the end of the decade, which will only be slightly up from the 2. "In addition to dismantling Petrobras’ transport logistics, the sale of TAG will leave the control of the country’s gas pipelines in the hands of foreign groups. (PIB BV), the sale Brazil’s solicitor general overturns an injunction that prevented Petrobras (NYSE:PBR) from proceeding with the sale of a 90% stake in TAG gas pipeline unit, which is expected to fetch more than Author: Sam Davis. The company’s strategic partnership with Norway’s Statoil on the sale of part of the Campos Basin’s Roncador Field, generating $2. And its upcoming sale is adding to a growing wave of corporate mergers and acquisitions — a Petrobras’s own divestment programme is Petrobras to sale interest in TAG pipeline. ’s (PAI) interest in the entire Pasadena refining operations system, the sale of which includes PAI’s stake Feb 20, 2019 · Petrobras' asset sale program has been targeted by court decisions, including some by the Supreme Court, requiring Congressional approval …Petrobras (PBR-4. Rio de Janeiro, January 30, 2019 - Petróleo Brasileiro S. The oil company is working to offload $21 billion in assets by the end of the year after its debt rose above $100 billion in 2017. S. Feb 19, 2019 · Petrobras' asset sale program has been targeted by court decisions, including some by the Supreme Court, requiring Congressional approval for …RIO DE JANEIRO -- Agreement signed involves the sale of Petrobras' stake in the Lapa field and joint venture formation for onshore solar and wind projects in Brazil. 5 percent interest in Petrobras owns the stake in BSBios through fully-owned subsidiary Petrobras Biocombustíveis SA (PBIO). Brazilian antitrust officials asked for additional information about state-led oil producer and refiner Petrobras’ sale of a petrochemical and Petrobras’ asset sale program has been targeted by court decisions, including some by the Supreme Court, requiring Congressional approval for some processes. By that time, the federal government and Petrobras had made the transfer rights agreement, under which Petrobras paid roughly BRL 75 billion to exploit 5 billion oil barrels on the so-called “pre-salt” layer. V. 9 billion. Petrobras had added the venture to its divestment portfolio in May 2017. Petrobras America Inc. Jan 28, 2019 · Petrobras has been looking to divest $21 billion in assets to reduce its debt load amid a series of corruption scandals including allegations bribes were paid to executives as a result of the 2006 purchase of the Pasadena plant. SA) (Petrobras) will reopen the bidding process for stakes in its Transportadora Associada de Gas (TAG) pipeline unit and Araucaria fertilizer factory, Brazil’s state-controlled oil company said on Thursday. 4 billion, part of the ailing firm's bid to sell off assets and raise cash. By Katherine Blunt. - Petrobras, following up on the release of 06/27/2018, informs that it completed today, through its subsidiary Petrobras International Braspetro B. Aug 16, 2018 · Petrobras, as the Rio de Janeiro-based company is known, is reassessing its petrochemicals strategy after having put its 4. 4-billion, part of the ailing firm's bid to sell off assets and raise cash. Brazilian oil company Petrobras’ executive board has decided to resume the bidding process for a 90% interest in its Transportadora Associada de Gas (TAG) pipeline unit. 2 billion, as it works to pay down debt amid low energy prices Petrobras signs agreement for the sale of its stake in the Maromba field in the Campos Basin March 9, 2019 evan1313 Rio de Janeiro, March 8, 2019 – Petróleo Brasileiro S. The company is also looking to get rid of older rigs P-III, P-X, P-XVI, P-XVII and P-XXXIII. Petrobras of Brazil on Tuesday said it began a bidding process to sell its liquefied natural gas terminals in Rio de Janeiro and Ceará, along with the thermoelectric power plants associated with these terminals. Petrobras to sell Pasadena refinery. 5 billion to Norway’s Statoil ASA, as its efforts to shed assets and pay down its massive Petrobras, in the midst of an aggressive divestment plan worth as much as $14 billion, has a 36. Petrobras is the operator with a 70% stake and the transaction includes the transfer of the operatorship. 5 billion offer of bonds maturing in …Petrobras signed a purchase and sale agreement with the French company Chevron on Wednesday to sell its shares in the companies that make up the Pasadena refining system in the United States. Petrobras previously said the refinery’s sale aligns with its 2017-21 strategic plan, which aims to reduce the company’s operational risk and improve its overall financial performance via an Petrobras in $823m asset sale deals Brazilian state-controlled company Petrobras has agreed to sell more than three dozen shallow-water and onshore fields in a pair of deals worth a combined $823 Brazil’s solicitor general overturns an injunction that prevented Petrobras (NYSE:PBR) from proceeding with the sale of a 90% stake in TAG gas pipeline unit, which is expected to fetch more than RIO DE JANEIRO—Brazil’s Petrobras intends to raise US$21 billion with the sale of assets by the end of this year, according to its 2018-2022 business plan, as the company works to lower debt while carrying out activities, mainly in the presalt. The sale of the refinery is part of Petrobras‘ divestment program and needs to be submitted to regulatory bodies. The next expected divestiture is the Rio de Janeiro, January 30, 2019 - Petróleo Brasileiro S. , is a Brazilian multinational energy corporation. It is the largest such settlement ever paid by a foreign organization in the US. 3 Stocks You Can Buy on Sale. (PAI) was a two-thirds owner of the lease (G16997) in WR 469, and wasThe new administration of President Jair Bolsonaro, which supports Petrobras' asset-sale program, is expected to improve the business environment in Brazil and create conditions that should help Petrobras push forward with its plans. [L2N1PW27Y] In May, Petrobras began the binding phase of the sale with qualified partners receiving strict instructions on …Petrobras 2017-2021 Investment Plan, Procurement Department Restructuring, and Suppliers/Service Registration InformationPetrobras 2017-2021 Plan Petrobras of Brazil released its five-year business and management plan, and may have effects on U. Learn more about our operations in the USA: Refining. The new administration of President Jair Bolsonaro, which supports Petrobras' asset-sale program, is expected to improve the business environment in Brazil and create conditions that should help Petrobras push forward with its plans. Petrobras expects new bids for TAG in March: source Reuters 18:40 12-Feb-19. Caixa Near Sale Of $2. RIO DE JANEIRO -- Agreement signed involves the sale of Petrobras' stake in the Lapa field and joint venture formation for onshore solar and wind projects in Brazil. The sale will also include the company’s Araucaria fertiliser factory. While considering which legal actions to take, Petrobras said in a securities filing it would suspend the sale of refineries, gas pipeline company Transportadora Associada de Gas (TAG) and the Petrobras has so far sold only about 3 percent of its asset sale goal. 1% stake in Braskem, whose majority owner, Odebrecht SA, controls a 38. ("PPSL"). 8 billion (Approx: US$825 million Yet, the sale of non-core assets is expected to continue under Castello Branco, whose strategic vision for Petrobras includes “portfolio management, capital cost reduction, and relentless Petrobras said its board approved talks with Pampa Energia for a period of 30 days that could be extended for another 30 days. Feb 19, 2019 · Petrobras' asset sale program has been targeted by court decisions, including some by the Supreme Court, requiring Congressional approval …4 days ago · Petróleo Brasileiro S. Talk of a possible sale by Petrobras surfaced last year. 8%) reveals plans to sell its 50% stake in its African oil exploration venture as part of its wider divestment plan. "The transaction would still be subject to approvals of the terms and final conditions by our board and management, and by the market regulators," Petrobras said in the filing. Bendine has been implicated in the wide-ranging Operation Car Wash bribery scandal that has swept across Brazil, prompting officials and shareholders alike to question the motives behind the sale of Petrobras Argentina. Petrobras starts bidding phase of TAG sale January 4, 2018 Company News , M&A , Natural Gas , News , Pipeline , South America 0 Brazil’s Petrobras has started the bidding phase for the sale of 90% equity interest in its wholly-owned subsidiary Transportadora Associada de Gas (TAG) gas distributor unit, Kallanish Energy learns. 9 billion via asset sales and partnerships by 2023 Oct 31, 2018 Brazil's state-controlled oil company Petrobras agreed to sell its 50 per cent stake in an African enterprise to a consortium led by trader Vitol, the Oct 31, 2018 Petrobras, following up on the release disclosed on 3/8/2018, announces related to the full sale of its 50% interest in Petrobras Oil & Gas B. Brazil's state-run energy company prepares to exploit massive offshore oil reserves with five-year $224bn investment planPetrobras, which is short for the full name Petróleo Brasileiro S. 2 billion worth of assets, including oilfields. 1bn joint venture with Murphy Oil and the US$1. The remaining shares in the biodiesel producer are held by R. Petrobras previously had targeted the sale of a 90% stake in gas pipeline unit Transportadora Associada de Gas, known as TAG, which is expected to fetch more than US$ 7 billion. It is headquartered in Rio de Janeiro. (PIB BV), the sale of 100% of its equity interest in the companies Petrobras puts two LNG terminals on sale. (BR Distribuidora), the fuels distribution and marketing unit of the state-owned company should happen in early 2017, after the company’s board approved restructuring the Nov 01, 2018 · Rio de Janeiro (AFP) - Brazilian state oil company Petrobras on Wednesday announced the sale of its holdings in two Nigerian oil blocks for $1. 12 September 2017, Week 36, Issue 680. 6% in October When the Rest of the Market Dropped. 6bn after taking orders. Inc. The state company will have to submit to prices and conditions Mar 08, 2019 · Petrobras closes sale of distribution in Paraguay. - Petrobras, following the press released on 05/04/2018, informs that its subsidiary Petrobras America Inc (PAI) signed today with Chevron U. 5 billion, less than half of 2018 plan, through the sale of assets in 2017. 95 billion to the plaintiffs in the case. Petrobras hires Santander to revive LPG unit sale: sources. According to the company’s statement, the sale is worth R$2. The sale is subject to customary closing conditions, including regulatory approvals. Brazil: CADE wants more info on Petrobras sale . Petrobras to sell TAG gas distributor LatAmOil - Latin America Oil & Gas. Brazil's oil and gas corporation Petrobras announced this week the sale of ethanol and petrochemicals assets for US$587 million, but said it would still fall US$1. – Petrobras informs that today it signed an agreement with BW Offshore (“BWO”) to sellPetrobras informs that it has initiated the opportunity disclosure stage (“Teaser”) related to the sale of 100% equity interest in Petrobras Oil & Gas B. Petrobras raised $4. The sale of the refinery is part of Petrobras ‘ divestment program and needs to be submitted to regulatory bodies. Effective on August 1, 2006, PAI became a two-thirds record title interest holder of the lease, with the remaining one-third held by TOTAL E&P USA, INC. BRASILIA, August 17, 2017 – A Brazilian federal court will investigate the 2016 sale of Petrobras’ Argentinian unit, a lawyer representing several NOC shareholders said Wednesday. Biocombustiveis Holding SA. It added that $34 million will be paid at the December 7 signing Petrobras to wrap the sale of TAG pipeline Infrastructure Journal 09:49 13-Feb-19. 5 billion short of its divestment Brazilian state-run energy company Petrobras sold a controlling stake in an offshore oil field for $2. Mar 19, 2017 · Petrobras said the $20 million was a bidding price and is expected to get more for the rig. Petrobras announced the sale of its holdings in two Nigerian oil blocks for $1. PAI was designated as the Petrobras America Inc. Petrobras agreed to sell a 90% stake of its natural-gas pipeline unit to a consortium led by Brookfield Asset Management for about $5. 3% stake. The company Parente remains confident that Petrobras will be able to divest assets in segments from oil exploration and production to fuel retailing, meeting the year-end 2018 asset-sale and partnership “Petrobras hired Santander and is following all steps needed to be followed to have a proper sale,” the source said, also pointing to the high level of interest also shown by rival bidders Mubadala and Macquarie during the early stages of the sale process. Petrobras signed a purchase and sale agreement with the French company Chevron on Wednesday to sell its shares in the companies that make up the Pasadena refining system in the United States. (PAI) was a two-thirds owner of the lease (G16997) in WR 469, and was. Petrobras (PBR) has hired the investment banking unit of Banco Santander Brasil to revive efforts to …Brazilian Petrobras puts assets in Nigeria for sale. Petrobras aspires to fetch some $7 billion through the sale of its 4500-km natural gas pipeline infrastructure and invest the proceeds in deep water plays in the Atlantic, which are considered more profitable investments. Brazilian Petrobras puts assets in Nigeria for sale. 03/01/2019 Sale of onshore fields - Lagoa Parda Cluster: Start of the binding phasePetrobras technology in the world's showroom Our technology, developed for deepwater and ultradeep water applications, has gained worldwide recognition with …Petrobras raised $4. (PAI), a Petrobras subsidiary, signed a purchase and sale agreement on Wednesday with Chevron USA Inc. - Petrobras clarifies that, according to Petrobras' Divestment Methodology, the following stages of divestment projects must be disclosed to the market: teaser, beginning of the non-binding phase (if applicable), beginning of the binding Petrobras agreed to sell a 90% stake of its natural-gas pipeline unit to a consortium led by Brookfield Asset Management for about $5. has urged a federal court to halt Petrobras from transferring the proceeds of an upcoming $562 million sale of its Texas refinery outside the U. L. Petrobras to sale interest in TAG pipeline. Petrobras has completed negotiations with Pampa Energía on the main terms and conditions of the sale of its stake in Petrobras Argentina (PESA), owned by Petrobras Participaciones S. Petrobras' legal manager for acquisitions and divestment, Claudia Zacour, told the committee the sale of Petrobras Argentina was part of the Brazilian oil company's divestment plan to reduce debt The sale of TAG, which operates natural gas pipelines in Brazil’s north and northeast, could fetch Petrobras as much as US$7 billion, in one of the company’s largest-ever asset sales, three sources familiar with the process said.  Jan 17, 2019 Resumption of competitive processes that result in sale of control January 17, 2019 - Petróleo Brasileiro S. Its purchase came under scrutiny from Brazilian prosecutors looking into the mega corruption scandal dubbed Lava Jato (Car Wash). 4bn sale of Petrobras’ African oil unit. Free online platform for market analysis. - Petrobras Common Stock Common Stock (PBR) with real-time last sale and extended hours stock prices, company news, charts, and research at Nasdaq. Petrobras owns the stake in BSBios through fully-owned subsidiary Petrobras Biocombustíveis SA (PBIO). BSBios owns two biodiesel plants in Passo Fundo, Rio Grande do Sul, and in Marialva, Parana. for the sale of the shares it held of the Pasadena Refining System (PRSI), located in Pasadena, Texas. Zacks. Rio de Janeiro-based Petroleo Brasileiro SA, or Petrobras, is reportedly reconsidering its decision to sell its shares in Brazilian petrochemicals firm Braskem, and could even double its stake in the company it views as a natural hedge for oil prices. zoom. Zacks Equity Research. Real-time data, economic calendar, news, stock screener, earnings, dividends & technical indicators. exporters. Updated 8:02 am CST, Wednesday, February 7, 2018 Petrobras, which last month agreed to pay nearly $3 billion to settle a corruption Brazilian state-run energy company Petrobras sold a controlling stake in an offshore oil field for $2. Parente remains confident that Petrobras will be able to divest assets in segments from oil exploration and production to fuel retailing, meeting the year-end 2018 asset-sale and partnership Petrobras asset sales fuel Brazilian M&A revival. [L2N1PW27Y] In May, Petrobras began the binding phase of the sale with qualified partners receiving strict instructions on …Brazil’s state run petroleum company, Petrobras (NYSE: PBR), settled a class action lawsuit brought against it in the United States, paying $2. 8 billion (Approx: US$825 million Feb 19, 2019 · Petrobras' asset sale program has been targeted by court decisions, including some by the Supreme Court, requiring Congressional approval …Petrobras formally is seeking a qualified buyer for affiliate Petrobras America Inc. The next expected divestiture is the Petrobras informs the beginning of the opportunity disclosure stage (Teaser) related to the sale of its entire equity share in three onshore production fields (Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha), located in the state of Espírito Santo, Brazil, close to the municipality of Linhares, jointly designated as Lagoa Parda Cluster. The company’s chief executive, Aldemir Bendine, recently told Brazil’s Congress that Petrobras will not be able to settle its debts and maintain a $19 billion investment plan in 2016 before meeting asset-sale goals. The sale is Petrobras' first attempt to place global bonds since a $2. 5 billion, including the formation of a US$1. Petrobras will keep a 42. 2 billion, as it works to pay down debt amid low energy prices Petrobras’ U. Petrobras’ huge debt burden is regarded as the largest of any publicly Petrobras reconsidering sale of Braskem. may have to be added to the company’s 2017 asset sale target. PETROBRAS’ proposed sale of more than 100 onshore concessions spread across five states may be the spark to ignite a new wave of investments in a sector that has long been overlooked in Brazil. While considering which legal actions to take, Petrobras said in a securities filing it would suspend the sale of refineries, gas pipeline company Transportadora Associada de Gas (TAG) and the Petrobras hires Santander to revive LPG unit sale - Reuters. (PIB BV), the sale of 100% of its equity interest in the companies Nov 01, 2018 · Rio de Janeiro (AFP) - Brazilian state oil company Petrobras on Wednesday announced the sale of its holdings in two Nigerian oil blocks for $1. Brazil oil company Petroleo Brasileiro SA has hired the investment banking unit of Banco Santander Brasil …The story goes back to 2010 when the Brazilian government increased its stake in state-owned oil company Petrobras. Share on Facebook Follow on Facebook Add to Google+ Connect on Linked in Subscribe by Email Print This Post. until the Brazilian company Brazil’s state run petroleum company, Petrobras (NYSE: PBR), settled a class action lawsuit brought against it in the United States, paying $2. The Statistics Portal. Jan 17, 2019 Petrobras (PBR -0. Petrobras in February put the refinery up for sale in a two-step process that began with a non-binding phase to allow potential buyers to look over the plant. As we await the sale of the Petrobras refinery in Pasadena, Texas, which was put on the market in February this year, we turn our attention back to Brazil and the plans the company has to revive its domestic refining market. To Petrobras, energy efficiency is what drives the company's exploration and production operations. The state company will have to submit to prices and conditions Aug 16, 2018 · Petrobras, as the Rio de Janeiro-based company is known, is reassessing its petrochemicals strategy after having put its 4. Petrobras is considering the sale of a Pasadena refinery that got caught up in recent corruption scandals and that environmental groups believe is among the worst polluters in Texas. 9 billion, was seen as the most profitable divestment made by …Petrobras ordered to restart asset sales zoom Brazilian court has ordered the state-owned oil company Petrobras to restart its assets sale program, meant to help the company reduce its massive debt, except for two projects. Last October, Linklaters advised Petrobras on two transactions totalling US$2. A - Petrobras, following up on the Feb 4, 2019 Brazil's Petrobras said it has priced a three-part debenture sale in Brazil, increasing the size of the offer to BRL3. Linklaters represents Petrobras in the sale of all the outstanding shares and equity interests of Pasadena Refining System to Chevron for US$562 million, of which US$ 350 million corresponds to equity and US$ 212 million corresponds to working capital. 1 billion) stake in Braskem up for sale …Mar 08, 2019 · Petrobras closes sale of distribution in Paraguay. Still, the recent jailing of Aldemir Bendine, Petrobras CEO at the time of the sale, has cast further suspicion on the deal. Jan 16, 2019 Petrobras previously had targeted the sale of a 90 percent stake in gas pipeline unit Transportadora Associada de Gas, known as TAG, which Jan 17, 2019 BRASILIA/RIO DE JANEIRO (Reuters) - Petroleo Brasileiro SA (PETR4. (BR Distribuidora), the fuels distribution and marketing unit of the state-owned company should happen in early 2017, after the company’s board approved restructuring the Stock quote for Petroleo Brasileiro S. In November last year, Petrobras initiated the sale of 100 percent of Petrobras Oil & Gas BV, or Petrobras Africa, as part of its strategy to offload $21 billion in assets in 2018 to save the company that is heavily-indebted and also facing a massive corruption scandal. And its upcoming sale is adding to a growing wave of corporate mergers and acquisitions — a Petrobras’s own divestment programme is The sale of TAG, which operates natural gas pipelines in Brazil’s north and northeast, could fetch Petrobras as much as US$7 billion, in one of the company’s largest-ever asset sales, three sources familiar with the process said. Refinery: So Cheap, Could Venezuela Buy It? Brazil's state-controlled oil producer Petroleo Brasileiro or Petrobras (PBR) could sell a refinery outside Houston, Texas for a Petrobras to sell TAG gas distributor LatAmOil - Latin America Oil & Gas