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Brazil’s Petrobras Acquires Full Control Of Pasadena Refining Systems

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    Mrityunjay Singh
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    by Rogerio Jelmayer
    Dow Jones Newswires
    July 02, 2012

    SAO PAULO
    Brazil’s government-run oil company, Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, will pay a total of $820.5 million to acquire a 50% stake that it doesn’t already owned, assuming full control of Pasadena Refining Systems Inc and ending a legal dispute with a former partner, the company said over the weekend in a statement.

    The rest of the story is at
    http://www.downstreamtoday.com/news/article.aspx?a_id=36611

    Paul

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