Petrobras president wants Pdvsa as partner
The two companies agreed in 2005 to build a refinery in the Brazilian state of Pernambuco, able to process 230,000 barrels of oil per day
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Brazilian state-run oil holding Petrobras wants its counterpart Petróleos de Venezuela (Pdvsa) as a partner in a refinery that is being built in the northeast of Brazil, no matter continued problems that have prevented the partnership, Petrobras president María das Graças Foster affirmed on Monday.
"We feel that Pdvsa will sort out its troubles and become our partner. We want Pdvsa as a partner," Foster asserted in a press conference in Rio de Janeiro, Efe cited.
Both companies agreed in 2005 to build a refinery in the Brazilian state of Pernambuco, able to process 230,000 barrels per day of oil. Petrobras would have a 60% interest and Pdvsa 40%.
In 2007, Petrobras started to build the Abreu e Lima refinery with its own funds, waiting for Pdvsa to take on its part in the debt contracted by Petrobras with the National Bank for Economic and Social Development (BNDES) to finance the works.
The point at issue is that BNDES has not accepted the assurances given by Pdvsa.
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