Brazil’s Petrobras Buys Shell of Uruguay

Brazil’s state-owned oil company Petrobras officially announced last week that it had acquired Shell of Uruguay, which means it will assume operation of all that multinational’s gas stations (distribution system) as well as the commercialization of aviation fuel and lubricants.

With this purchase in Uruguay, Petrobras has now made acquisitions totaling US$ 140 million recently in Colombia, Paraguay and Argentina.

Petrobras says there will be no layoffs as a result of the Shell acquisition in Uruguay where it will replace the Shell logotype with the BR logotype over a period of 12 months.

Spokespersons declared that Uruguay is considered strategic geographically for Petrobras activities in South America. "It is a location with great potential for growth, near Argentina and Paraguay. And it fits our synergy plans for the Southern Cone."

ABr

Tags:

You May Also Like

More Heads to Roll in Brazil’s Bribing Scandal

Brazil’s ruling Workers Party, PT, is holding this Tuesday an Executive emergency meeting to ...

Mike, the robot created by Brazil's FEI students

Brazil Holds Fair to Promote Robots in Industry and Schools

The International Robotics and Artificial Intelligence Fair, which will start tomorrow, April 11, at ...

Brazil Starts Pushing Ethanol All Over the World

Brazilian companies from the sugar and alcohol sectors are getting ready to enter the ...

Brazil’s Trade Balance Surplus Reaches US$ 31 Billion, 11% Lower than in 2006

Exports from Brazil totaled US$ 3.343 billion last week, a performance 21.69% lower than ...

Sudan Wants Partnership with Brazil in Oil, Agriculture and Aviation

Omer Salih, the new Sudanese ambassador to Brazil, Omer Salih Abubakr, wants to promote ...

Brazil and Canada Sign Audiovisual Accord

The Audiovisual Technical Center of the Brazilian Ministry of Culture and Canada’s National Film ...

Brazilian market sells organic fruit

Brazil Is World’s Second Largest Producer of Organics and 70% Is Exported

Sales of organic products at supermarkets in Brazil should surpass 1.25 billion Brazilian reais ...

US’s HRF Gives Brazilian Woman Human Rights Award for Fighting Death Squads

Sandra Carvalho, a lawyer, sociologist and director of the non-governmental organization Global Justice, is ...

Why Is Education Failing in Brazil? For Lack of Trying.

Last week the Chamber of Deputies conducted an opportune debate around one question: “Why ...

We Need to Get Closer, Says Brazilian Minister to Arabs

The minister of Foreign Relations of Brazil, Celso Amorim, stated that the Summit of ...