MOSCOW (MRC) -- Brazilian state-owned oil company Petroleo Brasileiro SA said it would resume operations at its Paulinia Refinery (Replan), the country’s largest, after oil industry regulator ANP gave it the green light, as prer Reuters.
ANP said it cleared areas of the facility not affected by a fire that broke out last week to restart. Petrobras said that will happen on Wednesday, with the 415,000-barrel-a-day refinery reaching 50 percent of its capacity within a week.
As MRC wrote previously, in late October 2017, Petrobras’s minority stakes in Braskem and Deten Quimica was excluded from Petrobras’s divestment program, according to a government decree published in Brazil’s Official Gazette last week. The decree prevents Petrobras from immediately selling its minority stake in Braskem, which had been announced this year. A new decree will be required to release the stock sale.
Headquartered in Rio de Janeiro, Petrobras is an integrated energy firm. Petrobras' activities include exploration, exploitation and production of oil from reservoir wells, shale and other rocks as well as refining, processing, trade and transport of oil and oil products, natural gas and other fluid hydrocarbons, in addition to other energy-related activities.
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