Markets

Brazil's Petrobras reevaluating partnership with China's CNPC

Published Updated

Petrobras would be having second thoughts on the refinery, which is known as Comperj, because the oil company's new Chief Executive Officer Roberto Castello Branco thinks they should aggressively divest from the oil refining business.

Petrobras did not immediately respond to a request for comment.

The oil company is undergoing an ambitious divestment program meant to reduce its high debt levels.

Copyright Reuters, 2019