PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 7.Mar.2025) — The executive board Rio de Janeiro-based Petrobras approved the termination of the divestment project related to 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO).
Petrobras, through PECOCO in Colombia, operates in the fuel and lubricant distribution and trading market, with service stations, a lubricant factory, and fuel distribution bases in the country’s main markets, Petrobras said on 7 Mar. 2025 in an official statement.
“The decision is in line with the current strategic drivers, which consider portfolio diversification in a profitable manner and the sustainability of the company,” Petrobras said.
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By Piero Stewart reporting from Panama City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
