Brazil's state-controlled oil company Petrobras on Friday for the first tim...
FILE PHOTO: The logo of Brazil's state-run Petrobras oil company is seen on a tank in at Petrobras Paulinia refinery in Paulinia, Brazil July 1, 2017. REUTERS/Paulo Whitaker
Petrobras, or Petroleo Brasileiro SA, said its board had approved a plan to sell eight refineries in Brazil, including its large, recently built Abreu e Lima unit, according to a securities filing. Petrobras, which currently has a 71 percent stake in BR Distribuidora, said it is evaluating a secondary share offering to reduce its stake in that business.
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