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Brazil’s Petrobras Buys Shell of Uruguay

Brazil’s state-owned oil company Petrobras officially announced last week that it had acquired Shell of Uruguay, which means it will assume operation of all that multinational’s gas stations (distribution system) as well as the commercialization of aviation fuel and lubricants.

With this purchase in Uruguay, Petrobras has now made acquisitions totaling US$ 140 million recently in Colombia, Paraguay and Argentina.

Petrobras says there will be no layoffs as a result of the Shell acquisition in Uruguay where it will replace the Shell logotype with the BR logotype over a period of 12 months.

Spokespersons declared that Uruguay is considered strategic geographically for Petrobras activities in South America. "It is a location with great potential for growth, near Argentina and Paraguay. And it fits our synergy plans for the Southern Cone."

ABr

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