- RES to Build Rare Earth Processing Plant in Nebraska
- Reshamsingh Handles Kochi Refinery Project Cargo
- Strike Could Close St. Lawrence Seaway
- Saipem to Expand Saudi Aramco Khurais Facilities
- Van der Vlist Modifies and Moves Loader
- Bechtel to Expand Kazakhstan Oil Complex
- Sasol Gives Final Approval for Louisiana Ethane Cracker Facility
- Fluor and Technip Win EPC Contract for RAPID
- US Steel Imports Continue to Grow
- Masdar to Build First Commercial Wind Farm in GCC
- Alstom Supplies Second Phase of Brazilian Wind Farm
- Tuscor Lloyds Moves Concrete Plant to Mexico
- Vestas to Supply Ningxia Wind Farm
- AIDEA Readies Purchasing Phase for Alaskan LNG Facility
- Crowley Heavy-Lift Barge Carries First Gate Across Panama Canal
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.