Petroleo Brasileiro Petrobras SA Signs Letter of Intent with CHINA PETROCHEMICAL CORPORATION SINOPEC for Establishment of Joint Venture


Wednesday, 19 Jun 2013 08:15am EDT 

Petroleo Brasileiro Petrobras SA (Petrobras) announced that on June 11, 2013 it signed a letter of intent with CHINA PETROCHEMICAL CORPORATION SINOPEC (SINOPEC) for the development of a joint study on the Refinaria Premium 1 Project, in the Maranhao state, Brazil. SINOPEC together with Petrobras will perform a feasibility study of eventual establishment of a joint venture between the companies, aimed at the implementation of Refinaria Premium 1 Project.