Brazilian oil company Petrobras’ executive board has decided to resume the bidding process for a 90% interest in its Transportadora Associada de Gas (TAG) pipeline unit.
The sale will also include the company’s Araucaria fertiliser factory.
Petrobras will also continue to look for potential refining partnerships.
The company had been looking to divest its interest in the pipeline operator TAG. However, the sale process was suspended following an injunction issued by a Brazilian court.
A superior court overturned the injunction earlier this week. Based ...Continue Reading ?