Brazil’s state-controlled Petrobras has suspended the fagship sale of six of its oil refneries following the dramatic fall in international oil prices.Petrobras had indicated it could announce a number of preliminary deals in April. It is not yet clear when the pro- cess, which had entered the binding phase, will resume. The facilities, with a capacity of nearly 1mn b/d, are mostly in the north and south of Brazil and form a large part of Petrobras’ planned $20bn-30bn of non-core asset sales in 2020-24.
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