Petrobras looks to sell Texas refinery for $200 million: Bloomberg

Brazilian state-controlled oil company Petróleo Brasileiro SA is looking to sell its refinery in Pasadena, Texas, for less than $200 million, Bloomberg News reported on Tuesday, citing two sources, far less than its purchase price.

Petrobras, as the company is known, paid $1.2 billion in two installments in 2006 and 2012.

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