Skip to main content

Voting on Petrobras refineries privatisation postponed

Published by , Editor
Hydrocarbon Engineering,


As reported by Reuters, Brazilian Chief Justice Luiz Fux on Tuesday postponed voting on the sale of Petrobras' refineries without setting a new deadline.

Initially, the Supreme Court had until Friday to rule on the matter.

Three justices on Brazil’s Supreme Court have voted against the sale of the refineries, in a setback for Petrobras, which is counting on asset sales to reduce its debt.

Despite these three votes against the privatisations, XP Inc’s analyst Debora Santos said in a note to clients that the Supreme Court is likely to support the assets sale, adding that last year most justices had adopted a more flexible position regarding privatisation of state-controlled companies’ assets.

Read the article online at: https://www.hydrocarbonengineering.com/refining/22092020/voting-on-petrobras-refineries-privatisation-postponed/

You might also like

EMA and JERA sign LNG MoU

Under the Memorandum of Understanding (MoU), EMA and JERA will share best practices and knowledge in LNG procurement and management of LNG supplies.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Downstream news Oil refinery news


 

Hydrocarbon Engineering is not responsible for the content of external internet sites.