Petrobras, following up on the release disclosed on June 12, 2020, announces that its Executive Board has approved today the termination of the divestment project related to the sale of 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO).
The decision is in line with the current strategic drivers, which consider portfolio diversification in a profitable manner and the sustainability of the company.
About the assets in Colombia
In Colombia, Petrobras operates, through PECOCO, in the fuel and lubricant distribution and trading market, with service stations, a lubricant factory, and fuel distribution bases in the country’s main markets.
Brazil Energy Insight 
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