PDVSA announces sale of Borco oil terminal

abarrelfullabarrelfull wrote on 08 Feb 2014 09:40

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Petróleos de Venezuela, S.A. reported on the sale of the storage terminal Bahamas Oil Refining Company International Limited (BORCO), located in The Bahamas.

The move, commercial in its own right, started last April 2007 and ended successfully for the corporation.

The deal made with the First Reserve Corporation, a US investment fund expert in oil assets, neared USD 900 million.

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