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

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

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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.

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