News Headline Summary

Petrobras has enlisted Citigroup to shop its Houston area refinery to help fund offshore drilling back in Brazil according to sources

- Selling the refinery will likely result in a loss for the company, which paid nearly USD 1.2bln for the facility.

Update details:

- Refinery has a capacity of 100,000 BPD.

Print 09:46, 28 Nov 2012 - Commodities - Source: Newswires