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May 03, 2015 7:40 AM ET

Company Overview of Oil Combustibles SA

Company Overview

Oil Combustibles SA operates as an oil company. The company is based in Brazil. Oil Combustibles SA operates as a subsidiary of The Indalo Group.

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Brazil

Key Executives for Oil Combustibles SA

Oil Combustibles SA does not have any Key Executives recorded.

Oil Combustibles SA Key Developments

Petrobras Denies Sale Of Argentina Assets To Combustibles

Petróleo Brasileiro SA - Petrobras (BOVESPA:PETR4) has denied the sale of its assets in Argentina. Maria das Gracas Foster, President at Petrobras, told Brazilian senators that no decision had been made yet. La Nacion, Clarin and El Cronista, citing unnamed sources, reported that Petrobras had agreed on May 13, 2013 to sell 51% of Petrobras Argentina SA BASE:PESA) assets to Oil Combustibles SA. He added that while Petrobras was in talks over the future of its Petrobras Argentina, it had not yet made a decision. "(Petrobras Argentina) is in our divestment portfolio. The Petrobras board of directors has not taken any position. We are in talks with several Argentine companies. We have no deadline for taking a decision and we are not in a hurry," he said. Reuters added that a spokesman for Oil Combustibles did not directly confirm or deny the press reports, saying simply: "The negotiations with Petrobras are very advanced." Petrobras Argentina was not immediately available to comment.

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