Petrobras announces the closing of Pasadena refinery sale
Petrobras release
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 01/30/2019, informs that it has completed, through its subsidiary Petrobras America Inc. (PAI), the sale to Chevron USA Inc. (Chevron) of 100% of its shares in the companies that encompass Pasadena's entire refining operations system in the United States.
The transaction closed today with the payment by Chevron to PAI of US$ 467 million (about R$ 1.8 billion), of which US$ 350 million corresponds to equity and US$ 117 million corresponds to working capital, which will be adjusted later to reflect the closing date position.
This operation is in line with the company's portfolio optimization and improvement of its capital allocation, aiming value generation for our shareholders.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (United States)
'Premature' to say how US-Russia standoff will affect LatAm – Moody’s
Higher energy prices could be an immediate effect of the Ukraine crisis, but impacts on other sectors will depend on how the situation evolves.
Mexico power utility prepares for possible repeat of Texas freeze
With a new chill set to hit Texas next week, Mexico’s CFE said it implemented an early warning system and was prepared to switch to alternative fue...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Field Rio Joanes
- Current stage:
- Updated:
5 days ago
- Project: Block C-M-845
- Current stage:
- Updated:
5 days ago
- Project: BM-PAMA-8 block
- Current stage:
- Updated:
5 days ago
- Project: Campo Macuil
- Current stage:
- Updated:
5 days ago
- Project: Área 29 - Cuencas del Sureste
- Current stage:
- Updated:
4 days ago
- Project: Block Iguana (Intracampos I round)
- Current stage:
- Updated:
5 days ago
- Project: Block Alea 1848-A
- Current stage:
- Updated:
5 days ago
- Project: Block I
- Current stage:
- Updated:
5 days ago
- Project: Field Camarão Norte
- Current stage:
- Updated:
5 days ago
- Project: Block ES-T-345
- Current stage:
- Updated:
5 days ago
Other companies in: Oil & Gas (United States)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: The Dow Chemical Company (Dow)
-
The Dow Chemical Co. is a US-based chemical company engaged in the manufacture and sale of chemicals, plastic materials, agricultural and other specialized products and services...
- Company: Phoenix Development Holding Company LLC (Phoenix Development Holding Company)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: MAD Energy
- Company: Veolia Water Technologies & Solutions
-
Veolia Water Technologies & Solutions (VWTS), a subsidiary of the French corporation Veolia Environnement, specializes in water treatment solutions and provides services to desi...
- Company: Latham & Watkins LLP (Latham & Watkins)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Rhenus Project Logistics USA, LLC
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Altius U.S.A. CORP. (Altius US)
-
Part of Grupo Davila founded in 1917, your trusted partner in your supply chain management. Spanish benchmark in the international transport sector, customs brokers and project ...
- Company: Energy Advisors Group
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
