Brazil’s Petróleo Brasileiro SA (NYSE: PBR), commonly known as Petrobras, announced May 10 it might sell its refinery in Pasadena as part of its $21 billion divestiture program for 2017-2018.

At the same time, the state-owned oil company also said it might sell its interest in Petrobras Oil & Gas BV, which owns assets in Africa.

Petrobras’ executive board has to approve the addition of these assets to its divestiture program before they can be offered for sale.

“Thus, the approved portfolio…

Houston Biz Journal
Petrobras plans to add Pasadena refinery to list of possible divestments