Petrobras sets up storage network
Brazilian oil and gas company Petrobras has set up a network for distribution and storage of ethanol and other liquids.
Petrobras joins five other players to form a new company with an initial capital of BRL100 million (€42.5 million) to develop the network.
The shareholders in the new company will be Petrobras with 20%; Cosan SA Industria e Comercio (20%); Copersucar (20%); Odebrecht Transport Participacoes (20%); Camargo Correa Oleo e Gas (10%); and Uniduto Logistica (10%).
Petrobras, Camargo Correa, Odebrecht and Uniduto have already carried out studies on the new project.
Petrobras joins five other players to form a new company with an initial capital of BRL100 million (€42.5 million) to develop the network.
The shareholders in the new company will be Petrobras with 20%; Cosan SA Industria e Comercio (20%); Copersucar (20%); Odebrecht Transport Participacoes (20%); Camargo Correa Oleo e Gas (10%); and Uniduto Logistica (10%).
Petrobras, Camargo Correa, Odebrecht and Uniduto have already carried out studies on the new project.
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