Petrobras To Buy Back Repsol Refinery Stake For $850M
The deal includes $350 million for Repsol's 30 percent stake in the so-called Refap refinery, plus another $500 million to cover Repsol's share of the refinery's debt, Petrobras said.
The move once again gives the state oil company complete ownership of the refinery. Petrobras originally sold Repsol a stake in Refap in 2001 as the refinery began a five-year expansion process to...
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