Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)has commenced the process of offloading four refineries namely Rnest, Rian, Repar and Refap. The move is part of a broader plan of the Brazilian oil giant to jettison eight of its refineries that constitute 50% of refining capacity in the country. The company’s CEO believes that the divestment of […]
