petroleumworld

World

Peru

Trinidad &
Tobago

ISSUES....
Inside, confidential, off the record

Change of heart

PDVSA is having second thoughts in investing a minority stake in building the 200.000 bpd refinery in NE Brazil. After refusing to engage in a partnership with a minority stake, and in lieu of seen that Petrobras is going ahead with the refinery construction by itself, PDVSA signed on March 26 an agreement with Petrobras that sets the bases for the partnership between the two companies for the Abreu e Lima Refinery. However, the agreement remind secret, it lays out the terms for the incorporation, and set at 60% for Petrobras and 40% stake for PDVSA, defines the terms for the future signing of the Articles of Incorporation and of the Shareholder Agreement but the specific terms of the agreement are protected by a confidentiality agreement.

Petroleumworld News 03/01/08

ISSUES.... Is an independent journalist effort from Petroleumworld, on Inside, Confidential
and Off The Record Information, its views are not necessarily those of Petroleumworld

Legal information: Copyright/Disclaimer

Copyright© 2008 respective author or news agency. All rights reserved.
We welcome the use of Petroleumworld™ stories by anyone provided it mentions Petroleumworld.com as the source. Other stories you have to get authorization by its authors.

Send this story to a friend

Your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

Any question or suggestions, please write to:
editor@petroleumworld.com

3

Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98 and ME +/ 800x600 pixels

TOP

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/us code/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from Petroleumworld or the copyright owner of the material.