Petrobras to Shed Japanese Refining Unit

Petrobras to Shed Japanese Refining Unit

Brazil M&A

Brazilian oil giant Petroleo Brasileiro is looking to sell a portion of Nansei Sekiyu, its refining subsidiary in Japan, and would be willing to sell all of it to a buyer for the right price, confirmed company officials. The company’s president Jose Sergio Gabrielli, announced the plans to sell the unit during a visit to Tokyo. Officials in Brazil declined to offer more details regarding the price or other details of the future deal, but noted that the sale is part of the company’s 201

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