Brazil's Petrobras believes Raizen, other distributors could buy refineries

Brazilian state-run oil firm Petrobras believes three types of companies, includ...

FILE PHOTO: The entrance of the Petrobras Alberto Pasqualini Refinery is seen in Canoas, Brazil May 2, 2019. REUTERS/Diego Vara

Speaking at an event in Rio de Janeiro, Petrobras Chief Institutional Relations Officer Roberto Furian Ardenghy said fuel distribution firms, oil producers with operations in Brazil and trading firms could buy some refineries it has on the block. Petrobras is planning to sell off eight of its refineries in a process Chief Executive Roberto Castello Branco has said could raise $15 billion. Castello Branco on Thursday said one of the refineries could be sold by the end of the year.

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