PdVSA still eyeing northeast Brazil refinery venture
8/6/2012 12:00:00 AM
By JEFF FICK
RIO DE JANEIRO -- Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, said Venezuela’s national oil company still wants to participate in a troubled refinery joint-venture in northeast Brazil, CEO Maria das Gracas Foster said Monday.
Ms. Foster said Petrobras representatives met last week with their counterparts in Venezuela.
She reiterated a November 2012 deadline for Petroleos de Venezuela SA, or PdVSA, to secure loan guarantees for its 40% stake in the $15 billion Abreu e Lima refinery project.
Further background details on the Abreu e Lima project can be read here.
Dow Jones Newswires
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