Petrobras in talks to sell Argentinian refinery

By Phaedra Friend Troy

Brazilian major Petrobras (PBR) confirmed that it is in talks to sell its oil refinery in San Lorenzo, Argentina, as well as other distribution assets, but contrary to international press, a final agreement has not been made yet. 

With a production capacity of 37,700 barrels of oil a day, the San Lorenzo Refinery in Argentina produces a number of kinds of naphtha, kerosene, JP1, fuel oils, asphalt products, paraffinic and aromatic solvents, toluene, benzene and LPG. Commencing operations in 1938, the refinery is strategically located near the main pipeline and distribution systems in the country. 

Furthermore, the Riverine Terminal is an associated dispatch unit that can store up to 15,000 cubic meters of product and is located 2 kilometers away on the Parana River.

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