Petrobras drops upgrade to Monteiro Lobato gas plant in Sao Paulo – About Your Online Magazine

ARCHIVE PHOTO: People passing in front of the tanks of the Brazilian state oil company Petrobras in Brasilia, Brazil July 25, 2019. REUTERS / Ueslei Marcelino / Photo from the archive

BRASILIA (Reuters) – Brazilian oil company Petróleo Brasileiro SA abandoned a plan to modernize its Monteiro Lobato gas processing plant in Caraguatatuba, in the state of São Paulo, because it was no longer worth it, the state-owned company said on Friday in a statement. deposit of securities.

“The decision was made due to the loss of the project’s economic attractiveness,” said Petrobras. As a result, he informed that he also canceled the bids associated with the project.

Anthony Boadle reporting; Leslie Adler edition

Paula Fonseca