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07/07/2017 - 16:44hs

Petrobras starts selling assets in Paraguay

The state-run company is active in fuel distribution and sales, LPG and lubricants in the neighboring country, where it owns 197 service stations.

Rio de Janeiro - Petrobras has begun to sell assets in Paraguay. The state-run oil company’s goal is to relinquish its entire stakes in companies Petrobras Paraguay Distribución Limited, Petrobras Paraguay Operaciones y Logística SRL, and Petrobras Paraguay Gas SRL.

The Brazilian company is active in Paraguay in fuel distribution and sales, LPG (kitchen gas) and lubrificants, with a network of 197 service stations and 113 convenience stores. The company is also active in aviation, with operations at three airports, and a supplier to major buyers. It is the leading fuel distributor in Paraguay. Petrobras also has a proprietary terminal for distributing oil products in the city of Villa Elisa.

Via Agência Brasil. Translated by Gabriel Pomerancblum

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