May 6, 2019 / 12:11 PM / 21 days ago

Brazil's Petrobras plans sale of 34 percent stake in Argentina's Mega: filing

FILE PHOTO: 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. REUTERS/Paulo Whitaker/File Photo

SAO PAULO (Reuters) - Brazil’s state-run oil firm Petroleo Brasileiro SA plans to sell its 34 percent stake in Argentina’s Compañia Mega SA, it said in a securities filing on Monday, as the company presses on with an ongoing divestment program.

In the filing, Petrobras said Mega operates a plant with capacity to produce more than 40 million cubic meters of natural gas per day.

Reporting by Ana Mano; Editing by Chizu Nomiyama

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