Brazil's Petrobras starts process to sell stake in Argentina unit Mega
7/11/2019
Brazilian state-owned oil giant Petroleo Brasileiro SA has begun the so-called non-binding phase of the process to sell its 34% stake in Argentina’s Compañia Mega SA, it said in a securities filing.
In the filing, Petrobras, as the firm is commonly known, said Mega operates a plant with capacity to produce more than 40 million cubic meters of natural gas per day.
Petrobras first announced its intention to sell the stake in May, and the sale is part of its ongoing divestment program. (Reporting by Jamie McGeever Editing by Chizu Nomiyama)
Sign up to Receive Our Newsletter
- ADNOC Gas awards $2.1 B in contracts to enhance LNG supply infrastructure
- U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Indonesia regulator confirms disruption at bp's Tangguh LNG project
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
Comments