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01/01/2006
Recently, Astra announced that it has approved an agreement to enter a 50% partnership
with Petrobras on their Pasadena, Texas refinery, known as Pasadena Refining System.
The partnership encompasses the operation of the refinery and a trading company
that will also function in conjunction with the refinery. Both entities will
be under the joint direction of Astra and Petrobras. The partnership will
utilize Petrobras technology to convert 70,000 barrels per day of capacity to process
Marlim crude, which will be supplied by Petrobras.
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