- Cosco Shipping’s Da Liang Lifts Largest Load to Date
- Aaras Discharges Project Cargo at Port of Karachi
- SAL Heavy Lift Completes First Phase Pile Tests in Baltic Sea (Slideshow)
- Iran and World Powers Extend Talks
- Alstom to Supply African Hydropower Plant
- Europe Cargo & Coordinadora Collaborate on Antwerp Refinery Expansion
- Vigor Loads First Vessel on North America’s Largest Floating Drydock
- Holleman Handles Big Cargo from Bulgaria to Germany
- Van der Vlist Moves Shipbuilding Equipment
- The Middle East’s Drive to Diversify
- The Ukrainian Stormfront
- Economic Outlook for Turkey and the Region
- Doing Business in Turkmenistan
- Global and Regional Maritime Shipping Forecast
- Turkey’s Energy Future
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.