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Tag: BR Distribuidora

RIO DE JANEIRO, BRAZIL - Brazil’s state-controlled oil producer Petroleo Brasileiro SA is considering selling its remaining stake in gas station chain BR Distribuidora if its stock recovers to 26 reais a share, three people with knowledge of the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A Federal Court in Sergipe, Brazil announced on Monday it was dismissing a legal action intended to suspend Petrobras’ sale of its shares in one of its subsidiaries, BR Distribuidora,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The ANP (National Petroleum, Natural Gas and Biofuel Agency) in Brazil has authorized oil giant, Petrobras to interrupt its oil production in sixteen platforms and fourteen concessions due to the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The board of directors at Brazil’s oil giant Petrobras, announced that it had authorized the sale of 25 percent of stock from its subsidiary, BR Distribuidora. The state-owned oil giant...

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