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Petrobras negotiating over 50% share in Astra refinery.
(From Chemical Business NewsBase - Press Release)
Brazilian state run oil company Petroleo Brasileiro (Petrobras) is still negotiating a share of over 50% in the Astra oil refinery in Texas, for which it signed a memorandum of intent in 2005. The unit has the capacity to refine 100,000 bbls/day and Petrobras wants 66% of production to be taken up by Brazilian oil. Buying an oil refinery is one of Petrobras' priorities as it prepares for closer ties with the US …
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