STXNEWS LATAM-Petrobras says partnership with PDVSA fell through

Reuters

Oct 25 (Reuters) - Brazil's state-run oil company PetroleoBrasileiro SA, known as Petrobras, said on Wednesdaythat it was reincorporating the Abreu e Lima refinery aftertalks for a partnership with Venezuelan state oil firm PDVSAfell through.

The decision marked the formal conclusion of lengthynegotiations with Venezuela, which had not paid its 40 percentshare of investment in the refinery, launched in 2005 as asymbol of the strategic alliance between the two countries.

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