Petrobras drops plan for two Brazil low-sulfur diesel refineries
RIO DE JANEIRO Jan 28 (Reuters) - Petrobras has dropped plans to build two low-sulfur diesel refineries in Brazil's northeast, writing off the value of work already done on them, the Brazilian state-run oil company said in its unaudited third-quarter financial statements on Wednesday.
The refineries, known as Premium I and Premium II, were to be built in the states of Maranhao and Ceará, Petroleo Brasileiro SA, as Petrobras is formally known, said in a statement. (Reporting by Jeb Blount; Editing by Lisa Von Ahn)
© Thomson Reuters 2016 All rights reserved.