Exclusive: China nears first Americas refining capacity as CNPC, Petrobras talks mature - sources [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Reuters
Exclusive: China nears first Americas refining capacity as CNPC, Petrobras talks mature - sources | Reuters 4 Min Read RIO DE JANEIRO (Reuters) - Brazil’s state-run oil company is nearing a deal in which China National Petroleum Corp Ltd (CNPC) would invest in an oil refinery in exchange for crude oil, two people with knowledge of the talks told Reuters, potentially giving China its first refining capacity in the Americas. Petróleo Brasileiro SA ( PETR4.SA ), or Petrobras, may give the state-owned Chinese firm stakes in oil fields it operates in the Campos basin, off the Rio de Janeiro coast, along with the right to use the new Comperj refinery, the sources added. “We are going to have a deal, but it is complex. We should have an integrated solution,” said one of the sources, who requested anonymity because the negotiations are private. The second source said talks with the Chinese intensified recently and a deal could be only a few weeks away. Two other people familiar with the mat
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