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

- U.S. ethane exports to China hit new roadblock with license requirement
- Australia clears Woodside to run North West Shelf LNG plant to 2070
- Egypt agrees to buy up to 160 LNG cargoes through 2026
- Shell to add up to 12 MMt of additional LNG capacity by 2030
- Siemens and TURN2X join forces to scale up green energy production
Comments