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- Westermeerwind Approves Offshore Wind Farm
- Global Shipping Services Handles Incinerator Plant Shipment
- Sembawang to Convert VLCCs to FPSOs
- Larsen & Toubro Win KOC Gas Gathering Center Contract
- Tata Steel to Cut Freight Costs by Using Waterways
- WorleyParsons and Wison to Pursue FLNG Projects
- Steel and Project Cargo Boost Volumes at US Great Lakes Ports
- Fast & Direct Moves Houses from UAE to Bahrain
- Siemens Supplies Turbines to Third Nordfriesland Project
- Crane Rental Lifts Concrete Pieces at Florida University
- KG Shipping Handles Vessels from Turkey to Qatar
- Nicaragua Canal to Start with Brito Port
- WWL Carries Ro-Ro Cargo from Asia to Port of Tyne
Petrobras Mulls Sale of Argentine Assets
Petrobras officials are considering the sale of 51 percent of the company’s assets in Argentina, according to news reports.
Potential buyers reportedly include: Indalo Group owner Cristobal Lopez, whose holdings include a television news channel, cattle ranches and casinos; and Eduardo Eunerkian, owner of Corporacao America, which operates airports in Buenos Aires and Montevideo, and recently won a tender to operate an airport terminal in Brazil’s capital, Brasilia.
Both Lopez and Eunerkian are considered allies to controversial Argentine President Cristina Kirchner.
Petrobras has been dissatisfied with its relationship with Argentina for years, according to Brazilian newspaper Folha de Sao Paulo.
Petrobras last year sold a refinery in Argentina. Petrobras Argentina, which controls units in Bolivia, Venezuela, and other South American countries, reported earnings of BRL505.3 million (US$256 million), a 16 percent decline from 2011 earnings.