Chevron Wants Petrobras to Prove Refinery is Operational Before Sale, Sources Say -Reuters
April 22 2019 - 6:52PM
Dow Jones News
--Chevron Corp. (CVX) wants proof that a Texas refinery it is
slated to buy from Brazil's Petroleo Brasiliero SA (PBR), or
Petrobras, will operate as promised, Reuters reports Monday, citing
"Gulf Coast market sources."
--Over the weekend, the refinery's catalytic reformer was shut,
the report said, after the refinery told environmental authorities
Friday it was restarting the fluidic catalytic cracking unit.
--A spokesman from Chevron said it expects the transaction to
close this quarter, the report said.
Full story:
https://www.reuters.com/article/us-refinery-sale-chevron-petrobras/chevron-tells-petrobras-to-prove-texas-refinery-operational-sources-idUSKCN1RY1D4
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 22, 2019 18:37 ET (22:37 GMT)
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