Petrobras Defends Texas Refinery Deal That Lost $530 Million

The headquarters building of Petroleo Brasileiro SA (Petrobras) stands in Rio de Janeiro, Brazil, on Tuesday, April 15, 2014. The state-run company, facing a growing scandal over its $1.2 billion purchase of a refinery in Texas, said it bought the plant to maximize returns on heavy oil that it couldnt refine in Brazil. Photographer: Dado Galdieri/Bloomberg via Getty Images
The headquarters building of Petroleo Brasileiro SA (Petrobras) stands in Rio de Janeiro, Brazil, on Tuesday, April 15, 2014. The state-run company, facing a growing scandal over its $1.2 billion purchase of a refinery in Texas, said it bought the plant to maximize returns on heavy oil that it couldnt refine in Brazil. Photographer: Dado Galdieri/Bloomberg via Getty Images
Petrobras Defends Texas Refinery Deal That Lost $530 Million
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Credit:
Bloomberg / Contributor
Editorial #:
485124547
Collection:
Bloomberg
Date created:
15 April, 2014
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Rights-managed
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Source:
Bloomberg
Object name:
PETROBRAS REFINERY