Argentine court orders closure of Petrobras refinery

11 March 2013 21:36  [Source: ICIS news]

MEDELLIN, Colombia (ICIS) --Petrobras said on Monday that its Argentine subsidiary has been ordered by the Second Civil Court of Bahia Blanca, Argentina, to close its refinery in the city.

The court ordered the closure of the refinery, which Petrobras has for sale, because of environmental problems and licence irregularities, a source familiar with the situation said.

The Brazilian oil giant has submitted an appeal to the court.

Petrobras is said to have begun the shutdown of the 31,000 bbl/day refinery on Friday.

Petrobras said it has complied with all requirements of the competent authorities and operates in compliance with Argentine environmental standards.

"Petrobras Argentina is making every effort to mitigate the impacts of the measure in order to ensure supply to its customers while waiting for a favorable solution," the company said.

($1 = €0.77)

By: Leela Landress
+1 713 525 2653

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