Valero, LyondellBasell May Buy Petrobras Refinery, Valor Says
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.
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