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2014-03-23 08:03:00

PETROBRAS HIRES SCOTIANBANK

PETROBRAS HIRES SCOTIANBANK

BLOOMBERG. Petroleo Brasileiro SA (PETR4), Latin America's largest publicly-traded oil producer by revenue, hired Bank of Nova Scotia (BNS) to sell assets in Argentina including a refinery, said a person with direct knowledge of the plans. Scotiabank is mandated to sell a 31,000 barrel-per-day refinery in the city of Bahia Blanca, Buenos Aires province, as well as two petrochemical plants and oil and gas fields and stakes, said the person, who asked not to be identified because negotiations are private. The assets all belong to Petrobras Argentina SA, a unit of the Rio de Janeiro-based producer.Petrobras's press office and Joe Konecny, a Scotiabank spokesman, both declined to comment in e-mailed responses to questions. Petrobras is seeking to focus its non-Brazilian operations on the discovery and development of new reserves as part of a strategic plan presented last month by Chief Executive Officer Maria das Gracas Foster. The company last year called off the sale of its Argentine unit after offers missed expectations, according to a statement at the time. In Argentina, Petrobras is looking to develop shale and tight oil and gas reserves.

 

Tags: OIL, PETROBRAS, Latin America

Chronicle:

PETROBRAS HIRES SCOTIANBANK
2018, November, 19, 11:20:00

U.S. SECURITIES OUTFLOW $29.1 BLN

U.S. DT - The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC outflow of $29.1 billion. Of this, net foreign private inflows were $23.5 billion, and net foreign official outflows were $52.7 billion.

PETROBRAS HIRES SCOTIANBANK
2018, November, 19, 11:15:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially.

PETROBRAS HIRES SCOTIANBANK
2018, November, 19, 11:10:00

GREEN NUCLEAR ENERGY

WNN - "nuclear energy is a "mature, low greenhouse gas emission source of baseload generation that could make an increasing contribution to global development based on low-carbon energy supply".

PETROBRAS HIRES SCOTIANBANK
2018, November, 19, 11:05:00

SAUDIS, PAKISTAN INVESTMENT: $6 BLN

ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.

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