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Reuters Staff -Petrobras says to discuss refining partnership with CNPC

 

 

By Reuters Staff

NEW YORK
Petroleumworld 11 16 2017

Petrobras Chief Executive Officer Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp in Brazil to discuss the details of their partnership to build a refinery complex in Rio de Janeiro.

Parente told reporters on the sidelines of a conference in New York that the stake CNPC will have in the refinery is not yet defined. Discussions between Petroleo Brasileiro SA , as the company is formally known, and the Chinese company began last month.

Parente added that said he expects to have a first agreement with the government on the revaluation of stakes in offshore oil blocks known as “Transfer of Rights” areas by the end of 2017.

During a panel in the same conference, Brazilian Energy Minister Fernando Coelho said the government wants to conclude the talks “as soon as possible.”



Reporting by Tatiana Bautzer Editing by Jonathan Oatis from Reuters.

Petroleumworld.com 11 15 2017

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