July 22, 2016 / 10:17 PM / 2 years ago

Petrobras to reevaluate Comperj, Abreu refining projects

SAO PAULO, July 22 (Reuters) - Petróleo Brasileiro SA said it plans to reevaluate two massive refining and petrochemical projects in Brazil, as the nation’s state-controlled oil company seeks to redefine investment priorities and cut debt for the upcoming years.

In a securities filing on Friday, Petrobras said it decided to suspend work on several ongoing projects of the Comperj petrochemical compound and the Abreu e Lima refining facilities. (Reporting by Guillermo Parra-Bernal; Editing by Leslie Adler)

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