Brazilian state-controlled oil company Petroleo
Brasileiro SA (PBR), or Petrobras, is studying whether to buy a 51% stake in
Colombia’s Cartagena refinery, the chief executive of Petrobras in
financial newspaper La Republica.
“We will study whether there is a space in our portfolio to enter in this
project as Petrobras bought refineries in the U.S.,
the construction of four more in
edition of the paper.
On Tuesday, Colombia’s state-controlled oil company
in the country’s second-largest refinery for
stake as it failed to raise the necessary financing.
Ramos also said Petrobras plans to invest
next five years.
Officials at Petrobras didn’t return phone calls seeking confirmation of the