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Petrobras starts non-binding phase of gas pipeline sale process

 

 

 

By Reuters Staff

BRASILIA
Petroleumworld 10 24 2017

Brazilian oil company Petróleo Brasileiro SA has started the non-binding phase of its process to sell a 90 percent stake in a gas pipeline system known as Transportadora Associada de Gás (TAG), the company said on Monday.

Petrobras, as the company is known, announced in September the sale of a 90 percent stake in TAG, a wholly owned subsidiary operating a 4,500-kilometer (2,800-mile) pipeline system mostly in the country's north and northeast.



Reporting by Silvio Cascione; Editing by Jeffrey Benkoe from Reuters.

reuters.com 10 23 2017

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