FILE PHOTO: The logo of Brazil’s state-run Petrobras oil company is seen on a tank in at Petrobras Paulinia refinery in Paulinia, Brazil July 1, 2017. REUTERS/Paulo Whitaker
SAO PAULO (Reuters) – Brazil’s state-controlled oil company Petrobras on Friday for the first time detailed long-awaited plans to sell a series of refineries and other assets as the company focuses on its core oil and gas exploration business.
Petrobras, or Petroleo Brasileiro SA, said its board had approved a plan to sell eight refineries in Brazil, including its large, recently built Abreu e Lima unit, according to a securities filing.
The company also said it will sell a gas station chain in Uruguay, called PUDSA, and an additional stake in Brazil’s No. 1 fuel distribution company BR