Brazil antitrust watchdog extends deadline for Petrobras to sell refineries

The logo of Brazil’s state-run Petrobras oil company is seen on a tank in at Petrobras
Paulinia refinery in Paulinia, Brazil July 1, 2017. (Paulo Whitaker/Reuters)

Reporting by Roberto Samora, Reuters

SAO PAULO
EnergiesNet.com 03 24 2022

Brazil antitrust watchdog CADE extended the deadline for Petrobras (PETR4.SA) to sell its refineries as part of obligations assumed by the company in an agreement to stimulate competition in the local oil refining market, the agency said on Wednesday.

The new schedule for the sales was not disclosed by CADE in order not to prejudice talks for the assets to be divested, according to a statement.

Reporting by Roberto Samora; Writing by Peter Frontini from Reuters.

reuters.com 03 23 2022

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