Brazil eyes refinery deals: reports
Brazil In an oil-for-investment agreement, CNPC could sink up to USD 3 billion in the Comperj refinery, sources told Reuters. CNPC would reportedly gain the right to use the refinery as well as stakes in several offshore blocks in Brazil.
“We are going to have a deal, but it is complex. We should have an integrated solution,” one of the anonymous sources said.
Petrobras is also considering selling 60% stakes in four refineries in the southern and northeastern regions of the country, the agency said in a separate report on Thursday. The NOC would keep 100% stakes in nine other units, as well as a 75% share of Brazil’s refining market.
Recent Posts
Iberdrola to triple offshore wind assets to $18 billion
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Angola’s Azule Energy awards Saipem $850-million contract
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More