Petrobras, China's Sinopec in talks to develop refinery project

SAO PAULO, June 19 Wed Jun 19, 2013 7:18am EDT

Related News

Related Topics

SAO PAULO, June 19 (Reuters) - Petróleo Brasileiro SA , Brazil's state-run oil company, and China Petroleum and Chemical Corp are in talks to build a refinery compound in the South American country, according to a securities filing on Wednesday.

Petrobras, as the Brazilian company is known, said in the filing that the non-binding accord with Sinopec - as China Petroleum is known - allows both companies to study the feasibility of the project in the northeastern state of Maranhão. The talks could lead to the creation of a joint venture, the filing added.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video