Valero, LyondellBasell May Buy Petrobras Refinery, Valor Says
By Rodrigo Orihuela -
2012-07-09T12:26:49Z
Valero Energy Corp. (VLO) and LyondellBasell Industries NV (LYB) are interested in buying Petroleo Brasileiro SA (PETR4)’s refinery in Texas, newspaper Valor Economico reported without saying how it obtained the information.
Petrobras, as the Brazilian oil producer in known, is seeking to sell the Pasadena, Texas-based plant as part of a divestment plan that includes selling another refinery in Japan and its 49 percent stake in Argentine energy distributor Empresa Distribuidora Sur SA, the Sao Paulo-based newspaper reported.
To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net
To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.