23 October 2012 00:30 [Source: ICIS news]
If the deal is accepted, it would help Refinaria de Petroleos Manguinhos to proceed with a Brazilian reais (R) 1.4bn investments for the next four years, the company said.
As a result, it could increase its fuel storage capacity from 1.8m bbl to 6.5m bbl, it said.
Refinaria de Petroleos Manguinhos would sell part of its property for R350m ($172m, €132m), it said in a statement.
The offered property represents about 20% of the company's land, which is near downtown
Earlier this month, the government of
As a result of the order, Manguinhos asked for trading of its shares to be suspended.
Refinaria de Petroleos de Manguinhos said it produces, commercialises and distributes the oil derivatives, working in the market through its subsidiary, Manguinhos Distributor.
According to the plant, it has a processing capacity of 15,000 bbl/day.
However, the state's governor, Sergio Cabral, said the refinery has been only stocking ethanol, according to the Brazilian newspaper O Globo.
The company declined to comment on the governor's statement.
($1 = R2.03)
($1 = €0.77)
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