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