Petrobras Uruguay Says Not Willing To Accumulate Damages, Losses

Instant Max AI

(Energy Analytics Institute, Aaron Simonsky, 29.Apr.2019) — Petrobras Uruguay commented on announcements made from Petrobras’ headquarters in Rio de Janeiro, Brazil.

“Petrobras Uruguay will continue to develop its business and comply with obligations assumed with employees, customers and suppliers,” reported online media La Red 21.

Regarding gas distribution, Petrobras Uruguay said, “it is determined not to continue accumulating damages, holding public service concessions that have an economic-financial equation broken by structural problems, unrelated to management.”

Related Story: Petrobras BOD Gives Thumbs Up To Potential Refinery Sales

Petrobras announced recently plans for the divestment of assets with emphasis on its refining and distribution sectors, including the comprehensive sale of Petrobras Uruguay Distribución SA (PUDSA), a distributor of liquid fuels, lubricants and liquid fertilizers, with a network of service stations in Uruguay.

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© Energy Analytics Institute (EAI)

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