Brazil's Petrobras To Sell Some Argentina Assets For $110 Mln
Last update: 5/5/2010 9:04:31 AM
SAO PAULO (Dow Jones)--Brazilian state-run energy giant Petroleo Brasileiro SA (PBR), or Petrobras, has agreed to sell part of its Argentina assets to Oil Combustibles SA, for $110 million, Petrobras said Wednesday in a statement.
Petrobras said it will sell its refinery in San Lorenzo, and other distribution assets, along with its current oil inventories.
The company is expecting to conclude the sale in 90 days.
According to the Petrobras's website, it operates three refineries in Argentina, including San Lorenzo's refinery.

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